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A few weeks ago, we published an article regarding the state of timeshare sales presentations in Arizona. Since the early stages of timesharing, contract disclosure has been a problem in the industry. Although many lawmakers with stakes in fractional ownership wanted to fault buyers for making impulse decisions, the State of Arizona agreed that disclosure laws were necessary. They also determined that extending a buyer’s right to rescission (cancellation period) was needed as well.
Today, tens of thousands of timeshare owners claim they would have never made the purchase if they knew what it really entailed. Whether this is their fault or not, they now have added protections that force timeshare companies to provide more information on the front end and additional time to make the decision final.
The passing of this law is a big deal for consumer advocates who have been stating the obvious for quite some time now. Buyers now have a better chance to get out of something that can be perpetually difficult to deal with. Aside from post-purchase advantages, the law also applies to anyone planning on attending a timeshare presentation. Arizona residents are nationally protected. Sponsor and Republican, Shawnna Bolik believes the decision makes the state “a national leader in enacting consumer protections for timeshare buyers,” and that the bill help “curb deceptive practices by some in the timeshare industry.”
While consumers definitely won here, timeshare representatives were able to strip some of the original provisions by persuading lawmakers to combat the proposal. Senator Michelle Ugenti-Rita once again stood with the opposition. In the end, they were able to keep the law from including an ability for consumers to cancel in the first year without penalty or after 10 years or once the property was paid off. They also removed disclosing 30 year cost estimates and a proposed 24 hour cooling off period. They believed they dodged a bullet here.
https://vacationownershipconsultants.com/bill-passes-in-favor-of-new-timeshare-sales-law-in-arizona/
I am posting this to show that real people in real life in real legislatures are already almost there, not just an OldGuy babbling on the Internet. The only thing stopping it in this example is the lobby money to bribe the more available legislators.
You cannot endlessly take advantage of consumers, lie and deceive, and then hold them captive, forever, without there eventually being consequences.
I might mention that a couple months ago I suggested something similar to the underlined portion, and got the Internet equivalent of being tar-and-feathered.
Like this?
A few weeks ago, we published an article regarding the state of timeshare sales presentations in Arizona. Since the early stages of timesharing, contract disclosure has been a problem in the industry. Although many lawmakers with stakes in fractional ownership wanted to fault buyers for making impulse decisions, the State of Arizona agreed that disclosure laws were necessary. They also determined that extending a buyer’s right to rescission (cancellation period) was needed as well.
Today, tens of thousands of timeshare owners claim they would have never made the purchase if they knew what it really entailed. Whether this is their fault or not, they now have added protections that force timeshare companies to provide more information on the front end and additional time to make the decision final.
The passing of this law is a big deal for consumer advocates who have been stating the obvious for quite some time now. Buyers now have a better chance to get out of something that can be perpetually difficult to deal with. Aside from post-purchase advantages, the law also applies to anyone planning on attending a timeshare presentation. Arizona residents are nationally protected. Sponsor and Republican, Shawnna Bolik believes the decision makes the state “a national leader in enacting consumer protections for timeshare buyers,” and that the bill help “curb deceptive practices by some in the timeshare industry.”
While consumers definitely won here, timeshare representatives were able to strip some of the original provisions by persuading lawmakers to combat the proposal. Senator Michelle Ugenti-Rita once again stood with the opposition. In the end, they were able to keep the law from including an ability for consumers to cancel in the first year without penalty or after 10 years or once the property was paid off. They also removed disclosing 30 year cost estimates and a proposed 24 hour cooling off period. They believed they dodged a bullet here.
https://vacationownershipconsultants.com/bill-passes-in-favor-of-new-timeshare-sales-law-in-arizona/
I am posting this to show that real people in real life in real legislatures are already almost there, not just an OldGuy babbling on the Internet. The only thing stopping it in this example is the lobby money to bribe the more available legislators.
You cannot endlessly take advantage of consumers, lie and deceive, and then hold them captive, forever, without there eventually being consequences.
I might mention that a couple months ago I suggested something similar to the underlined portion, and got the Internet equivalent of being tar-and-feathered.
You don't:
I have no vested interest since I know how to find information, so nothing to be patient about.