Wednesday, February 8, 2012

The Florida Timeshare Resale Accountability Act

Florida AG Pam Bondi.

One of the largest continual scams in Florida are timeshare resellers. They take money upfront from timeshare deed holder and verbally promise to have their timeshare sold. They never offer anything in writing and almost never deliver on their promises.

Well the state of Florida has decided to fight back. The Florida Timeshare Resale Accountability Act, sponsored by state house representative Andy Gardiner of Orlando, has new outlines that anyone who solicits a timeshare contract holder with claims of potential resale must follow.

“This legislation is a needed first step by state authorities to take action against dishonest companies whose actions taint the industry’s reputable resale companies,” said Howard Nusbaum, president and CEO of American Resort Development Association (ARDA).

The bill also provides sellers with an “unwaivable right to cancel” a listing for ten days after it is signed, but exempts condominium and other timeshare developers who offer resale services to owners. A similar law has been passed in South Carolina, and at least three other states are considering legislation.

Transfer Smart has helped timeshare owners from Hawaii to Florida and everywhere in between get out of their contracts FOREVER. Contact us today.

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