Timeshare Transparency Act

This bill would make it illegal for a timeshare company to sell a timeshare unless the sales agreement lists, in one document, all costs to buy and keep the timeshare, including ongoing fees. The agreement must also identify fees the company can change and how buyers will be notified, list the ways a buyer can end ownership, and let the buyer cancel without penalty within 14 days. Buyers must get a chance to review all documents before signing, without a company employee supervising. The Federal Trade Commission would enforce these rules, which would apply to agreements made 90 days or more after the bill becomes law, and states could keep stronger consumer protections.

Full text and official record on Congress.gov

Sponsors

• John R. Curtis Republican sponsor
• 2 cosponsors