Florida HB 435, a sweeping bill which would have made it virtually impossible for citizens to use timeshare exit companies to end their contracts blew up during a recent legislative workshop held on the bill.
It wasn’t crafty lobbyists who brought the bill down but instead statements by legislators who were present. Several House members told their own stories of trying to deal with timeshares, including one state Representative who had to turn to bankruptcy to escape. “The irony is thick” says Gordon Newton who founded one of the first and most successful timeshare exit companies in the nation. “At the same time this legislation is being considered, states like Arizona have introduced additional laws to protect consumers from the tactics that plague the timeshare industry.”
The legislation appears to be dying on the vine, but Newton and other industry leaders see the Florida bill as “just the first salvo” by large timeshare resort companies trying to hamstring exit companies. His Newton Group plans to use their company’s consumer protection guide to help craft future, more pro-consumer legislation in southern states. “We’ve been the leader in ethically getting folks out of these absurd timeshare agreements where fees run rampant and the children of those who pass away are forced to inherit those costs” Newton declares. “We plan on seeing to it that our own industry is run right and that the big timeshare companies aren’t allowed to put consumers, even legislators into financial ruin, with their deceptive practices.”
As of now “crickets” from the advocates of HB 435.