Attorney General Pam Bondi had proposed a bill to eliminate the a loophole that scam artists use to con timeshare owners into purchasing their service. The bill, SB 1408, has passed the legislature phase and has moved on to Governor Rick Scott’s desk for the final approval.
Bondi commented, “This legislation is essential in stopping fraudulent timeshare resale companies from preying on consumers. I applaud the Florida Legislature for passing this bill and protecting Florida’s consumers.”
During the previous year, Bondi had received more than six thousand complaints regarding timeshare resale companies. Many timeshare owners have fallen for the cold calls and though a legitimate business was helping them escape from their unwanted timeshare.
The Executive Editor of Sunshine State News, Nancy Smith, commented, “Florida should have addressed timeshare-resale fraud a long time ago. The timeshare industry is huge, a $10 billion-a-year business nationwide, but by far it has its largest footprint in Florida. Some 25 percent of all timeshare resorts in the United States are located in the Sunshine State. Timeshares represent a significant share of Florida’s tourism market -- a market, surprisingly, even in this economy, that is growing."
To those who wish to escape from their timeshares legally, contact Transfer America and see what their services can do for you.
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