ARDA-ROC Supports Intro of Resale/Transfer Bill in MA

2013-06-24

Issue Brief

ARDA-ROC and ARDA-New England are working with timeshare owners, developers, regulatory agencies, elected officials, and the Attorney General in support of H. 266, which proposes sensible regulatory reform to the secondary/resale market. 

Impact

There are many legitimate ways to sell a timeshare, however, to the uninformed owner, the timeshare resale process can be confusing and potentially dangerous contributing to more and more cases of consumer fraud in Massachusetts and around the country. In addition, many resale and transfer company related scams are eroding the financial health of individual timeshare associations which is threatening the financial health of the timeshare industry and the hospitality sector in Massachusetts.

Position/Call to Action

ARDA-ROC and ARDA-New England are working with timeshare owners, timeshare developers, regulatory agencies, elected officials, and the Attorney General’s Office in Massachusetts to educate them about unfair and deceptive sales and marketing practices used by many timeshare resale advertising and transfer/relief companies and to recommend sensible regulatory reform to the largely unregulated secondary/resale market.

Issue Updates

In mid-September, H. 266 passed favorably out of the House Committee on Steering and Policy. The bill has been referred to the House Committee on Bills in the third reading, which is the last step a bill takes in the House before it is considered on the House floor. ARDA-ROC is working to get the bill passed out of the House before the end of 2013 (the Massachusetts legislative cycle is 24 months long). 

 

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