FL AG Proposes New Timeshare Resale Act

2011-10-04

Issue Brief

The ARDA State Affairs team has been assisting the Florida Attorney General’s Office on the development of a new consumer protection bill entitled the “Timeshare Resale Accountability Act” which will be introduced during the 2012 legislative session. If passed, the Act will protect Florida consumers who choose to sell their timeshare interest using the services of a timeshare resale company. Today, General Pam Bondi announced the proposed legislation at a press conference in Tallahassee.  Click here for a copy of the press release. 

 

 

 

 

 

 

 

 

Impact

The proposed act seeks to protect timeshare owners by holding resale companies who use deceptive business practices accountable. The legislation will require timeshare resale companies to disclose all terms and conditions of their business relationship with a consumer, a right of rescission for consumers to cancel a contract for resale services, the regulation of timeshare transfer and rescue companies, and penalties for companies who continue their deceptive practices. 

 

 

 

 

 

 

 

 

 

Position/Call to Action

ARDA and ARDA-ROC support General Bondi’s effort to help protect Florida consumers and timeshare owners. We will continue to work with her office in whatever capacity is necessary to encourage the passage of the legislation. With nearly 25% of all timeshare resorts in the United States located in Florida, proactive legislation such as this is vital to ensuring the long term health of a key sector of Florida's tourism market.  Click here for ARDA and ARDA-ROC's formal statement.

Issue Updates

The Timeshare Resale Accountability Act will be formally introduced during Florida’s 2012 legislative session which convenes on January 10, 2012. The bill will be sponsored by Senate Majority Leader Senator Andy Gardiner and Representative Eric Eisnaugle. Please visit www.ardaroc.org for future updates.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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