The following penalty guidelines are established for each violation:
STATUTE/RULE
GENERAL DESCRIPTION
PENALTY per violation (Priors)
PART I VACATION PLANS AND TIMESHARING

Florida Statutes § 721.056;
Rule Chapters 61B-37; 61B-39; 61B-40, F.A.C.
Developer’s supervisory duties
2,500(0), 3,500(1)
5,000(1+)
Florida Statutes § 721.06;
Rules 61B-39.002; 61B-39.003;
61B-39.007, F.A.C.
Purchase contracts
$2,500(0)
$3,500(1)
$5,000(1+)
Florida Statutes § 721.06(4)
One to one ratio
$5,000
Florida Statutes § 721.065;
Fl. Admin. Code R. 61B-39.002
Resale purchase contract
$1,000(0)
$2,000(1)
$3,500(1+)
Florida Statutes § 721.07
Public offering statement rejection/revocation
$5,000/POS-

Use of unapproved
$5,000(0)

Public Offering Statement
$10,000(1+)
Florida Statutes § 721.07(6)
Failure to deliver
$10,000
Florida Statutes § 721.07(5)
contents, maintenance
$2,500
Rules 61B-39.002; 61B-39.003;
61B-39.004; 61B-39.007; 61B-39.008; 61B-40.003; 61B-40.004; 61B-40.006; 61B-40.0061; 61B-40.0062, F.A.C.
POS-rejection/revocation

Florida Statutes § 721.075;
Paragraph 61B-39.007(6)(e), F.A.C.
Incidental benefits
$1,000(0)
$2,000(1)
$3,000(1+)
Florida Statutes § 721.08; Paragraphs
61B-39.003(4)(c); 61B-39.005(5)(c); 61B-39.007(6)(e), F.A.C.
Escrow accounts; nondisturbance instruments; alternate security arrangements
$5,000(0)
$7,500(1)
$10,000(1+)
Florida Statutes § 721.09
Reservation agreements; escrows
$1,000(0)
$2,000(1)
$5,000(1+)
Florida Statutes § 721.10
Cancellation; termination
$5,000
$7,500
$10,000
Section 721.11(1), (5), F.S.;
Subsection 61B-37.004(3), F.A.C.
Advertising materials and disclosures
$3,500(0)
$5,000(1)
$10,000(1+)
Florida Statutes § 721.11(4);
Fl. Admin. Code R. 61B-37.002
Misrepresentations; inducements; referrals
$2,500(0)
$5,000(1)
$10,000(1+)
Florida Statutes § 721.111;
Fl. Admin. Code R. 61B-37.004
Promotional offers
$3,500(0)
$5,000(1)
$10,000(1+)
Florida Statutes § 721.12
Sellers’ record keeping
$1,000(0)
$2,000(1)
$5,000(1+)
Florida Statutes § 721.13; Rules 61B-40.003; 61B-40.004; 61B-40.005; 61B-40.006, F.A.C.
Management; CAM license; books & records; lockout; quorum
$1,000(0)
$2,000(1)
$5,000(1+)
Fl. Admin. Code R. 61B-40.0061
Reserve funding
$2,000(0)
$3,500(1)
$5,000(1+)
Section 721.13(2)(a), F.S.; and
Fl. Admin. Code R. 61B-40.004
Fiduciary Duty as separate and distinct from other violations
$10,000
Section 721.13(3)(e), F.S.; and
Fl. Admin. Code R. 61B-40.007
Annual audit failure to arrange failure to file
$2,500(0)
$3,500(1)
$5,000(1+)
$2,500(0)
$3,500(1)
$5,000(1+)
Section 721.13(3)(f), F.S.
Inspection of books
$2,500

Receipts and disbursements
$1,000(0)
$1,500(1)
$2,000(1+)
Sections 721.13(3)(i) and 192.037(6)(e), 721.15, F.S.; Rules 61B-40.004;
61B-40.005; 61B-40.006; 61B-40.0061; 61B-40.0062, F.A.C.
Assessments; guarantees, common expenses; billing
$1,000 (0)
$2,000 (1)
$5,000 (1+)

Failure to pay Assessments on Developer owned units
$10,000
Florida Statutes § 721.15(8)
Commingling
$5,000
Florida Statutes § 721.165;
Paragraph 61B-39.007(6)(f), F.A.C.
Insurance disclosure
$10,000
$1,000
Florida Statutes § 721.17
Transfer of interest
$5,000
Florida Statutes § 721.18(1)
Exchange programs
Failure to provide written documents
$5,000(0)
$10,000(1+)
Florida Statutes § 721.18(5)
Unfair deceptive act or practice
$5,000(0)
$10,000(1+)
Florida Statutes § 721.20(1)
Broker licensing
$5,000
Florida Statutes § 721.20(2);
Florida Statutes § 721.20(4)
Solicitor licensing
Advance fees
$10,000
Section 721.26(7)(a), F.S.
Exchange Company Deceptive act or practice
$5,000(0)
$10,000(1+)
Florida Statutes § 721.27
Managing entity fees to statutory late fee
$1,000 in addition
PART II VACATION CLUBS

Florida Statutes § 721.53;
Fl. Admin. Code R. 61B-39.003
Subordination instruments
$10,000
Subsection 61B-39.005(7), F.A.C.
Security arrangements
$3,000(0)
$5,000(1)
$10,000(1+)
Florida Statutes § 721.54
Multisite term
$5,000
Florida Statutes § 721.55
Public Offering Statement
rejection/revocation
Use of unapproved
$5,000/POS
$5,000(0)
$10,000(1+)
Florida Statutes § 721.55; Rules 61B-39.002; 61B-39.005; 61B-39.007; 61B-39.008, F.A.C.
Public offering statement contents, maintenance
$5,000
Florida Statutes § 721.551; Rules 61B-39.002; 61B-39.006; 61B-39.007; 61B-39.008, F.A.C.
Failure to deliver public offering statement
$10,000
Florida Statutes § 721.552;
Subsection 61B-39.007(9), F.A.C.
Change in component site accommodations & facilities
$5,000
Sections 721.552(1)(b), (2)(g), F.S.
Fiduciary duty
$10,000
Florida Statutes § 721.553
Portrayal of component sites
$1,000(0)
$2,000(1)
$5,000(1+)
Fl. Admin. Code R. 61B-37.002
misrepresentations
$2,500(0)
$3,500(1)
$5,000(1+)
Sections 721.56(1), (2), F.S.;
Paragraph 61B-39.005(5)(e), F.A.C.
Management rejection/revocation
$5,000/POS-
Florida Statutes § 721.56(3);
Escrow accounts
$3,000(0)
$5,000(1)
$10,000(1+)
Paragraph 61B-39.007(6)(e), F.A.C.
amendment disclosures
$1,000
Florida Statutes § 721.56(5);
Reservation system
$5,000
Subsection 61B-39.005(7), F.A.C.
filing
$2,500
Section 721.56(6);
Developer duties
$10,000
Subsection 61B-39.005(7), F.A.C.
filing
$2,500
Florida Statutes § 721.57
Multisite disclosures
$5,000
Florida Statutes § 721.58(1)
Filing fee
rejection
Florida Statutes § 721.58(2)
Managing entity fees to statutory late fees
$1,000 in addition
NOTE: The designation of (0) means no prior violations; (1) means one prior violation; and (1+) means more than one prior violation.
Rulemaking Authority Florida Statutes § 721.26(6). Law Implemented 721.26(5)(e) FS. History-New 2-4-98, Amended 10-12-17.