S.3502

The Timeshare Transparency Act mandates clear disclosure of timeshare costs and options for ending ownership.

The Timeshare Transparency Act requires timeshare companies to provide detailed, itemized cost information and options for ending ownership in a single document. It mandates that individuals have 14 days to terminate the agreement without penalty and must review all documents before entering into the agreement. The Federal Trade Commission will enforce these requirements, treating violations as unfair or deceptive practices. The Act applies to agreements entered into 90 days after its enactment.