Timeshare Transparency Act

The Timeshare Transparency Act requires timeshare companies to provide buyers with a single document detailing all acquisition and maintenance costs, potential fee changes, exit options, and a 14-day penalty-free cancellation period. Before signing an agreement, consumers must have a chance to review these documents independently, away from company employees. The Federal Trade Commission is authorized to enforce these requirements and issue necessary rules, treating violations as unfair or deceptive practices. This law applies to agreements made after a 90-day waiting period and does not prevent states from enforcing stricter consumer protections.