The Timeshare Transparency Act would establish new federal requirements for timeshare sales to make the purchasing process clearer and fairer for consumers. Timeshare companies would be required to provide all costs and fees in a single document, explain which fees can be changed in the future and how much notice will be given, list options for ending ownership, and offer a 14-day cancellation period without penalty. Before signing an agreement, consumers must have a chance to review all documents without company employee supervision. The Federal Trade Commission would enforce these rules starting 90 days after the bill becomes law, treating violations as unfair or deceptive practices under existing trade law. States can also set stricter timeshare sales rules if they choose to do so.
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