New Timeshare Law Works To Simplify Buying Process - Timeshares Daily

The California timeshare industry is comprised of more than 120 resorts and offers 10,690 units to more than a million owners. Additionally the new law forces timeshare companies to offer information to consumers regarding special discounts, fees, financing, as well as other important aspects of timeshare ownership. Nusbaum is referring to major companies such as Disney, Four Seasons, Hyatt and Marriott that are developing timeshare resorts and often operate in multiple states. Jeff Davi, the California Real Estate Commissioner, feels "Ultimately, this bill will enhance consumer protections in timeshare purchases while lessening the burden on resort developers who market properties in multiple states. Timeshare Liquidators representative, Reuben Reyes Resendez, reported that disclosure procedures have a concern in the timeshare industry for most of the 25 years that he has been involved in the business. read more

[Tags]timeshare, industry, timeshares, states, bill, california, timeshare[/Tags]