What does Preamble of Timeshare Transparency Act do?

This bill aims to establish requirements regarding the sale of timeshares. The stated purpose of the bill is to improve acquisition transparency related to timeshare sales. The bill was introduced in the House of Representatives on June 10, 2026.

What does SHORT TITLE. of Timeshare Transparency Act do?

This bill is formally titled the Timeshare Transparency Act.

What does TIMESHARE ACQUISITION TRANSPARENCY. of Timeshare Transparency Act do?

This section establishes requirements for timeshare companies entering into agreements with individuals. Timeshare agreements must include an itemized specification of all costs, details on potential fee alterations with notice requirements, options for ending ownership, and a 14-day termination period without penalty. Individuals must be provided an opportunity to review all agreement documents before signing, free from employee supervision. Violations of this section are treated as violations of the Federal Trade Commission Act. The Federal Trade Commission (FTC) has the authority to enforce this section. The FTC is required to promulgate rules to carry out this section. This section applies to agreements entered into 90 days after the Act's enactment. States can impose requirements that provide greater consumer protection than this section. The term 'timeshare' is defined as an interest purchased for a specific period of time less than a full year, extending for more than 3 years. A 'timeshare company' is defined as any person engaged in the business of providing timeshares.

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Timeshare Transparency Act

Last updated: 6/10/2026 · Introduced: 6/10/2026

Author: Glenn Thompson (R-PA)

TL;DR (AI)

The Timeshare Transparency Act mandates that timeshare agreements include detailed cost breakdowns, fee alteration notices, and options for terminating ownership, alongside a 14-day penalty-free termination period.
This Act empowers the Federal Trade Commission (FTC) to enforce timeshare sales transparency and penalize violations as violations of the Federal Trade Commission Act.
Timeshare companies must provide potential buyers with an opportunity to review all agreement documents without employee supervision before signing.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 1 more.

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