Timeshare Transparency Act

The Timeshare Transparency Act would require timeshare companies to provide buyers with a single, itemized document detailing all acquisition and maintenance costs, including ongoing fees, fee change procedures, exit options, and a 14-day penalty-free cancellation period, while ensuring buyers can review documents independently before signing. The bill applies to timeshare agreements entered into 90 days after enactment and grants the Federal Trade Commission authority to enforce these requirements as unfair or deceptive practices under the FTC Act, with penalties and rulemaking powers consistent with existing federal law. It does not prevent states from enacting stronger consumer…

No official summary is available here. This one was written by AI from the bill’s text.