Timeshare News and Legislation
The industry continues to evolve, and timeshares are adapting. Flexibility and unique experiences are driving renewed interest, especially among millennial and Gen X owners.
Timeshares are transforming from the traditional fixed-week model of ownership into more flexible, vacation clubs with exclusive perks. These new options are appealing to younger generations and reshaping the image of timeshare as an outdated industry with pushy promotional tactics.
A major change is coming to the way timeshares are marketed, regulated, and sold. The industry’s trade association, ARDA, and its Resort Owners Coalition (ARDA-ROC), are working with lawmakers at the local, state, and federal levels to help ensure that regulations maintain a proper balance of consumer protection, economic development, and a high-level of transparency for consumers.
With a number of high-profile lawsuits and regulatory actions bringing attention to the timeshare industry, ARDA-ROC is fighting to make sure that legislators are aware of the benefits of timeshares, the positive economic impact they have on communities, and the need to maintain a balanced approach to regulation, including consumer protection, in order to keep timeshares healthy for years to come.
Florida legislators are pushing to redefine how timeshare properties are valued in the state, potentially saving a massive amount of money for companies like Disney World and Westgate Resorts. If passed, the bill would allow resales to determine a property’s fair market value, which could drastically reduce taxes paid to city and county governments.
CHICAGO (CBS) — If you’re thinking about purchasing a timeshare, experts say to do your research and read the fine print. They warn consumers that many companies are deceptive and mislead customers. They also warn that timeshares are hard to sell and may have hidden fees.
ALISO VIEJO, Calif. /PRNewswire/ — A federal court has found that defendants in two separate lawsuits, including Timeshare Compliance and Resort Advisory Group, are violating the Lanham Act by falsely claiming to offer “timeshare exit services.” The judge ordered both companies to cease and desist from engaging in this illegal practice and pay damages to their victims.
Timeshare Compliance is the leading timeshare cancellation company in America, and they are known for helping clients get out of their timeshare contracts. They secured the release of hundreds of timeshare owners in one of the largest timeshare settlements ever. Timeshare Compliance will now assist their clients post-settlement, ensuring that credit reporting agencies reflect that they owe nothing to the developers and resorts involved in their case.
Timeshare Compliance and Resort Advisory Group are based in California. Both have been working on the legal case for more than a year. They have a track record of winning cases against similar timeshare exit scams and have been named by courts in several states as “Top-Rated Timeshare Exit Services.” For more information about Timeshare Compliance, visit their website. To request an interview with a member of the media team, click here.
