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 vacation ownership resort 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.