- Stage
- Became law
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Jul 30, 2019
What it does
(1) Existing law, the Vacation Ownership and Time-share Act of 2004 (VOTA) , requires a person who sells a time-share interest or creates a time-share plan to register the time-share plan with the Real Estate Commissioner, except as specified. Existing law obligates a developer of a time-share plan for the expenses associated with unsold inventory and authorizes a developer of a time-share plan to satisfy that obligation by, among other methods, entering into a deficit subsidy agreement with an association, subject to certain requirements. Existing law also authorizes a developer to undertake to pay a portion of the assessments otherwise payable by each purchaser pursuant to a buy down…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Jones
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.