U.S. Senators John Curtis (R-UT) and Adam Schiff (D-CA) have introduced the Timeshare Pricing Transparency Act (TPT), a bipartisan bill aimed at increasing consumer protections in the timeshare industry. The legislation seeks to address issues such as confusing contracts, hidden fees, and unclear exit options that have led to widespread consumer complaints.
Curtis stated, “Our bill is about honesty, transparency, and basic consumer rights. Families deserve to know exactly what financial decisions they are making without predatory sales tactics that rely upon deception and manipulative time constraints. This bill ensures that Americans have clear and honest information before committing to a timeshare.”
Schiff added, “Americans deserve to have all of the information they need upfront, before entering any timeshare commitment, including any potential surprise fees or contract terms. I’m proud to partner with Senator Curtis to enhance consumer protections and ensure that Americans aren’t saddled with hidden junk fees or are the victims of deceptive contracts.”
Bill Sweeney, Senior Vice President of Government Affairs at AARP, highlighted the impact on older Americans: “For many older Americans, a timeshare purchase represents years of hard work and careful saving. Yet according to the FBI, timeshare fraud cost consumers more than $50 million in 2024. That’s why this bill matters—it restores basic fairness by requiring clear, itemized cost disclosures and a 14-day cancellation window, giving people the transparency and time they need to protect their hard-earned dollars.”
Millions of Americans buy timeshares each year—often while on vacation or under pressure from sales tactics—and many later find themselves unaware of long-term costs or challenges associated with exiting ownership. Reports indicate that around 85% of timeshare owners regret their purchase.
The TPT would require all timeshare agreements to include clear disclosure requirements so consumers understand what they are purchasing. The Federal Trade Commission would be authorized to enforce these new rules and issue further regulations if necessary. States would retain authority to implement stronger consumer protections related to timeshares.
