I’m Michael Santos, with Timeshare Compliance. Those of you who research my background will know more about why I devote my life to advocacy on behalf of people who’ve been victimized by any type of injustice. Recently, those efforts have expanded to include consumer advocacy for people who feel victimized by predatory and manipulative sales tactics. Unfortunately, some people who’ve purchased timeshares fall into that category.
From the outset, I’ll say that many honorable people work in the timeshare industry. Further, being able to access vacation properties through timeshare ownership can serve many family members. Fortunately, legislation such as the Dodd-Frank Act can serve as a great consumer protection for those who want to cancel timeshare contracts.
Legislators passed the Consumer Protection Act—also known as The Dodd-Frank Act—in response to the Great Recession. The Dodd-Frank Act brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression. This law changed the American financial regulatory environment that affected all federal regulatory agencies and almost every part of the nation’s financial services industry—including timeshare sales.
The timeshare industry tried to attack the Dodd-Frank, Consumer Protection Act. Since the law provided consumer protections against unethical, manipulative sales tactics, Dodd-Frank threatened to disrupt sales for timeshare developers. Yet legislators, in their good sense, included protections for timeshare owners.
At Timeshare Compliance, the team of specialists and analysts work closely with attorneys who represent our clients. When clients feel as though timeshare developers deceived them into signing contracts, our team begins its work. They ask questions to learn precisely what happened during the sales process. They review timeshare contracts. They learn whether every person involved in the timeshare sales process had authority to participate in a real estate transaction—and whether they complied with the Dodd-Frank Act.
If the timeshare developer failed to comply with any aspect of the Dodd-Frank Act, the timeshare contract may lack validity—especially if a consumer signed the contract under fraudulent misrepresentations by the developer.
Learn more about how the experts at Timeshare Compliance serve those who want to cancel timeshare contracts by calling 1-800-705-6856 for an absolutely free consultation.