Attorney General warns Hoosiers considering timeshare memberships
INDIANAPOLIS – Attorney General Curtis Hill is advising individuals to act with caution and look for any false statements or hidden fees when signing up for timeshare memberships.
With school out for the summer, many Hoosier families are planning summer vacations. Timeshare rentals are a common lodging option. However, Hill is asking Hoosiers to beware when signing up for timeshare memberships.
Many Hoosiers will receive invitations to a free dinner at a hotel or restaurant with the catch that they listen to a presentation regarding timeshares. Following the presentation, they’re pressured to sign a contract on the spot, not allowing the appropriate amount of time to look over and think about the agreement. These contracts often have stipulations such as annual maintenance fees hidden deep in the contract that Hoosiers aren’t aware of because they didn’t have time to review the agreement due to the pressure to sign the contract on the spot.
The Office of the Indiana Attorney General’s Consumer Protection Division (CPD) encourages individuals to take time when considering signing a timeshare membership contract. The CPD suggests Hoosiers should wait for at least 24 hours before signing an agreement. Consumers should also be cautious of any ongoing fees associated with the membership, regardless of what the salesperson says. The CPD also wants consumers to know that they have a three-day right to cancel any timeshare membership contract.
Hoosiers are encouraged to contact the Consumer Protection Division of the Office of the Indiana Attorney General if they have been scammed. You can reach the CPD by visiting IndianaConsumer.com or calling 1-800-382-5516.
SOURCE: News release from the Office of Indiana Attorney General Curtis Hill