The Timeshare Transparency Act requires timeshare companies to provide consumers with clear, upfront information before they purchase a timeshare. Specifically, companies must present all costs in a single document, explain which fees can change and how buyers will be notified, detail options for ending ownership, and include a 14-day penalty-free cancellation period. Consumers must also have the chance to review all documents privately, without company employee supervision, before signing. The Federal Trade Commission will enforce these rules, treating violations as unfair or deceptive business practices, with the law taking effect 90 days after enactment. States can impose even stricter requirements if they choose, and the legislation does not include specific federal funding allocations.
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