Sponsors (5)
The bill improves consumer protection by mandating clear, consolidated fee disclosures, a 14‑day cancellation right, clearer exit options, and stronger FTC enforcement, but it raises industry compliance costs and causes transitional and market‑operation uncertainties that could increase prices and disrupt timeshare sales/resales.
Timeshare buyers (consumers) gain clearer, consolidated and predictable price information because contracts must itemize all acquisition and ongoing maintenance fees in a single document and disclose which fees can change and the timing/notice for changes.
Timeshare buyers (consumers) can cancel sales without penalty during a 14‑day rescission window, giving them time to reverse purchases made in error or under pressure.
Consumers get clearer exit information because contracts must state all available ways to end ownership, reducing confusion and potential hidden costs when attempting to exit a timeshare.
Timeshare companies will face higher compliance costs (redrafting contracts, updating disclosure systems, training staff) that are likely to be passed on to buyers through higher prices or fees.
Timeshare companies and consumers may experience increased short‑term cancellations because the 14‑day rescission right allows more buyers to reverse purchases, creating operational and financial uncertainty and potential disruption in resale markets.
Timeshare companies and prospective buyers may face slower, less efficient on‑site sales processes because required unsupervised review periods (free of employee supervision) can lengthen transactions, reduce promotional incentives, or require additional staffing to manage those periods.
Based on analysis of 2 sections of legislative text.
Requires single‑document itemized cost disclosure, fee‑change notice, exit options, 14‑day penalty‑free rescission, off‑site review, and FTC enforcement for timeshare contracts.
Makes it illegal for a timeshare company to sign someone to a timeshare agreement unless the deal is presented in a single document that lists all acquisition and ongoing costs, shows which fees the company can change and how it will notify owners, explains all exit options, and gives the buyer a 14‑day penalty‑free right to cancel. Requires buyers be allowed to review documents away from timeshare staff before signing, gives the Federal Trade Commission enforcement and rulemaking authority, preserves state consumer protections, and takes effect for agreements entered 90 days after enactment.
Official title: To establish requirements with respect to the sale of timeshares to improve acquisition transparency, and for other purposes.
Introduced June 10, 2026 by Glenn Thompson · Last progress June 10, 2026