dansimms
TUG Member
Can someone suggest a Lawyer to handle the sale of a Costa Linda (Aruba) Timeshare transfer?@TUGBrian @DeniseM @CalGalTraveler take a look. This weekend, I’m creating a spreadsheet with official links to states’ timeshare laws, as well as their statuses as to non-judicial, anti-deficiency foreclosures. In the meantime, I will just keep adding notes.
* Legal Disclaimer: This list and paraphrases of non-judicial, anti-deficiency timeshare foreclosure laws are to provide basic information on timeshare statutes. The list and paraphrases do not, nor are they intended to, render legal advice, nor are they an alternative for appropriate legal research. The referenced information constantly changes and evolves. Please consult appropriate legal counsel prior to any legal activities or signing any timeshare documents.
Links to Official State TS Laws:
- Alabama – AL: https://arec.alabama.gov/arec/pages/professionals/licensing/timeshare_law.aspx?AspxAutoDetectCookieSupport=1
- Arizona – AZ: http://az.elaws.us/ars/32-2197
- Arkansas – AR: https://advance.lexis.com/api/permalink/2c03296b-e238-4411-86e2-3f67b93a6ae1/?context=1000516 (AK’s official statutes links provider is Lexis)
- California – CA, TS owners get anti-deficiency judgments, even for judicial actions: https://leginfo.legislature.ca.gov/...vision=4.&title=&part=2.&chapter=2.&article=1
http://www.dre.ca.gov/files/pdf/timeshare_manual.pdf (page 27 is where main sections begin)
- Colorado – CO: http://leg.colorado.gov/sites/default/files/images/olls/crs2018-title-38.pdf (begins pg. 286)
- Connecticut – CT: https://www.cga.ct.gov/current/pub/chap_734b.htm
- Delaware – DE: https://delcode.delaware.gov/title6/c028/sc02/index.shtml#TopOfPage
- Florida – FL, inaction or non-objection results in estate, anti-deficiency foreclosure, but objection leads to judicial, deficiency action: http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0721/0721.html
https://www.flrules.org/gateway/ChapterHome.asp?Chapter=61B-37
- Georgia – GA, HOA pursues non-judicial foreclosure and judicial, deficiency judgment afterwards (OCGA 44-3-232): https://advance.lexis.com/api/permalink/f9bf9859-8948-4c38-9623-7dc5ec7d5a2f/?context=1000516 (GA’s official statutes links provider is Lexis)
- Hawaii – HI, developer has right to deficiency MF judgment for both judicial foreclosures or non-judicial power of sale (514-E29). http://cca.hawaii.gov/pvl/files/2013/08/hrs_pvl_514e.pdf (this is most updated from Hawaii website). TS mortgage defaults might get anti-deficiency treatment (HRS 667-27, 38, 42). https://www.capitol.hawaii.gov/hrscurrent/Vol13_Ch0601-0676/HRS0667/HRS_0667-.htm
- Idaho – ID: https://legislature.idaho.gov/statutesrules/idstat/Title55/T55CH18/ (five-day rescission period for ID residents buying non-ID timeshares).
- Illinois – IL, developer has option of pursuing a judicial, deficiency foreclosure, or non-judicial, anti-deficiency foreclosure: http://www.ilga.gov/legislation/ilcs/ilcs3.asp?ActID=3903&ChapterID=63 http://www.ilga.gov/legislation/publicacts/fulltext.asp?Name=100-1038&GA=100
- Indiana – IN, only method to obtain waiver of deficiency judgment is for defaulting TS owner to waive sale notice period (IC 32-27-7-5): http://iga.in.gov/legislative/laws/2019/ic/titles/032#32-32
- Iowa – IA: https://www.legis.iowa.gov/docs/ico/chapter/557A.pdf
- Kentucky – KY: https://apps.legislature.ky.gov/law/statutes/chapter.aspx?id=39092 (look at .395 to .407, and .470 to .486)
- Louisiana – LA: http://doa.louisiana.gov/osr/lac/46v67/46v67.doc (begins at page 32)
http://legis.la.gov/Legis/Law.aspx?d=106597
- Maine – ME: http://legislature.maine.gov/statutes/33/title33sec591.html
- Maryland – MD, most foreclosure are non-judicial, but resorts can pursue judicial, deficiency actions afterwards: https://govt.westlaw.com/mdc/Browse/Home/Maryland/MarylandCodeCourtRules?guid=NA03512309CC311DB9BCF9DAC28345A2A&originationContext=documenttoc&transitionType=Default&contextData=(sc.Default) (MD’s official statutes link provider is Westlaw).
- Massachusetts – MA: https://malegislature.gov/Laws/GeneralLaws/PartII/TitleI/Chapter183B
- Michigan – MI: http://www.legislature.mi.gov/(S(3ime1k2p251maasd0ir4dq4i))/mileg.aspx?page=getObject&objectName=mcl-Act-59-of-1978
- Minnesota – MN: https://www.revisor.mn.gov/statutes/cite/83
https://www.revisor.mn.gov/rules/2810/
- Mississippi – MS: http://www.mrec.ms.gov/docs/mrec_rules_and_regulations_July_2019.pdf (starts at page 31)
- Missouri – MO, MO uses non-judicial foreclosures, but resort can pursue judicial, deficiency action afterwards: https://revisor.mo.gov/main/OneSection.aspx?section=407.600&bid=23110&hl= (407.600 to 407.630)
- Montana – MT: https://leg.mt.gov/bills/mca/title_0370/chapter_0530/parts_index.html
- Nebraska – NE: https://nebraskalegislature.gov/laws/statutes.php?statute=76-1701 (76-1701 to 76-1741)
- Nevada – NV, defaulting TS owners have no right to non-judicial, anti-deficiency foreclosures, but defaulting homeowners do: https://www.leg.state.nv.us/NRS/NRS-119A.html
- New Hampshire – NH: http://www.gencourt.state.nh.us/rsa/html/xxxi/356-b/356-b-mrg.htm
http://www.gencourt.state.nh.us/rsa/html/XXXI/356-A/356-A-mrg.htm
- New Jersey – NJ, most foreclosure are non-judicial, but resorts can pursue judicial, deficiency action afterwards: https://lis.njleg.state.nj.us/nxt/gateway.dll?f=templates&fn=default.htm&vid=Publish:10.1048/Enu (45:15-16.50 to 45:15-16.85)
- New Mexico – NM: https://laws.nmonesource.com/w/nmos/Chapter-47-NMSA-1978#!b/a11 (47-11-1 to 47-11-13)
- New York – NY, most foreclosures are non-judicial, but resorts can pursue deficiency judgments afterwards: https://ag.ny.gov/sites/default/files/13_nycrr_24.3.pdf
- North Carolina – NC: https://www.ncleg.gov/EnactedLegislation/Statutes/PDF/ByArticle/Chapter_93A/Article_4.pdf
- North Dakota – ND: https://www.legis.nd.gov/cencode/t43c23-1.pdf (doesn’t specifically reference timeshares)
- Ohio – OH: http://codes.ohio.gov/orc/4735.25 (applicable to non-Ohio timeshares)
- Oklahoma – OK: http://webserver1.lsb.state.ok.us/OK_Statutes/CompleteTitles/os71.rtf (very little protection for owners of OK TS. OK timeshares protected as securities, but resorts/developers often seek securities protection exemption per 1-203 on page 24)
- Oregon – OR: https://www.oregonlegislature.gov/bills_laws/ors/ors094.html (94.803 to 94.945)
- Pennsylvania – PA: http://www.pacodeandbulletin.gov/Display/pacode?file=/secure/pacode/data/049/chapter35/chap35toc.html&d= (very little protection for owners of PA TSs)
- Rhode Island – RI: http://webserver.rilin.state.ri.us/Statutes/TITLE34/34-41/INDEX.HTM
- South Carolina – SC, inaction or non-objection results in non-judicial, anti-deficiency foreclosure, but objection leads to judicial, deficiency action: https://www.scstatehouse.gov/code/t27c032.php
- South Dakota – SD: http://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&Statute=43-15b
- Tennessee – TN, TN has no anti-deficiency laws, TS statues begin at 66-32-101 https://advance.lexis.com/documentpage/?pdmfid=1000516&crid=5178a5ca-9f2e-49a6-9e03-9671bc8a5b72&nodeid=ACNABGAABAAB&nodepath=/ROOT/ACN/ACNABG/ACNABGAAB/ACNABGAABAAB&level=4&haschildren=&populated=false&title=66-32-101.+Short+title.&config=025054JABlOTJjNmIyNi0wYjI0LTRjZGEtYWE5ZC0zNGFhOWNhMjFlNDgKAFBvZENhdGFsb2cDFQ14bX2GfyBTaI9WcPX5&pddocfullpath=/shared/document/statutes-legislation/urn:contentItem:4X8K-WKT0-R03M-808V-00008-00&ecomp=h3t7kkk&prid=011cd32f-ea05-4fb7-bc94-598580c61884
- Texas – TX: https://statutes.capitol.texas.gov/Docs/PR/htm/PR.221.htm
- Utah – UT: https://le.utah.gov/xcode/Title57/Chapter19/57-19.html?v=C57-19_1800010118000101
- Virginia – VA, VA has no anti-deficiency law, resort initiates a non-judicial foreclosure, objection leads to judicial foreclosure: https://law.lis.virginia.gov/vacodepopularnames/virginia-real-estate-time-share-act1/
- Washington – WA: https://apps.leg.wa.gov/RCW/default.aspx?cite=64.36
- West Virginia – WV: http://www.wvlegislature.gov/WVCODE/code.cfm?chap=36&art=9
- Wisconsin – WI: http://docs.legis.wisconsin.gov/statutes/statutes/707.pdf
Links to Official State TS Guides or Manuals- Alabama - AL
- Arizona - AZ
- Arkansas - AR
- California – CA: http://www.dre.ca.gov/files/pdf/faqs/FAQ_Timeshares.pdf
- Colorado - CO
- Connecticut - CT
- Delaware - DE
- Florida - FL
- Georgia – GA: http://consumer.georgia.gov/consumer-topics/timeshare-sales
- Hawaii - HI
- Idaho - ID
- Illinois - IL
- Indiana - IN
- Iowa - IA
- Kentucky - KY
- Louisiana - LA
- Maine - ME
- Maryland - MD: http://www.marylandattorneygeneral.gov/CPD Documents/Tips-Publications/ConsumerGuideForMarylanders.pdf (section on TS begins on page 12).
- Massachusetts - MA
- Michigan - MI
- Minnesota - MN
- Mississippi - MS
- Missouri - MO
- Montana – MT:
- Nebraska - NE
- Nevada - NV
- New Hampshire - NH
- New Jersey - NJ
- New Mexico - NM
- New York – NY: https://ag.ny.gov/consumer_frauds/investing/you-buy-timeshare
- North Carolina - NC
- North Dakota - ND
- Ohio - OH
- Oklahoma - OK
- Oregon - OR
- Pennsylvania - PA
- Rhode Island - RI
- South Carolina – SC:
- South Dakota - SD
- Tennessee - TN: https://www.tn.gov/commerce/news/20...e-scammers-leave-you-without-a-vacation-.html
- Texas - TX
- Utah - UT
- Virginia - VA
- Washington - WA
- West Virginia - WV
- Wisconsin - WI