THE SENATE

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND HOUSING

Senator Ron Menor, Chair

Senator Rosalyn H. Baker, Vice Chair

MEASURES DEFERRED TO WEDNESDAY, APRIL 6, 2005

TIME:

9:00 AM

PLACE:

Conference Room 016

State Capitol

415 South Beretania Street

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from April 5, 2005)

HB 155

HD1

(HSCR137)

RELATING TO TIME SHARING.

Amends time share law to define "master development" and "person" and redefine "blanket lien," "developer," and "project." Exempts a sales agent of a time share developer licensed as a mortgage broker from broker and solicitor licensing laws. Permits the release purchasers' funds to a developer before closing if secured by developer's bond or letter of credit. (HB155 HD1)

TSM/CPH

(Please note: The Committee on TSM held its decision making on the above measure(s) on April 5, 2005.)

 

 

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6740.