The Florida Senate

721.81  Legislative purpose.--The purposes of this part are to:

(1)  Recognize that timeshare estates are parcels of real property used for vacation experience rather than for homestead purposes and that there are numerous timeshare estates in the state.

(2)  Recognize that the economic health and efficient operation of the vacation ownership industry are in part dependent upon the availability of an efficient and economical process for foreclosure.

(3)  Recognize the need to assist owners' associations and mortgagees by simplifying and expediting the process of foreclosure of assessment liens and mortgage liens against timeshare estates.

(4)  Reduce court congestion and the cost to taxpayers by establishing streamlined procedures for the foreclosure of assessment liens and mortgage liens against timeshare estates.

History.--s. 13, ch. 98-36; s. 42, ch. 2000-302.