An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Timeshare

An arrangement where someone buys the right to use a vacation property or facility for a specific period each year (less than a full year), for more than three years.

Timeshare Company

Any business or person involved in selling, offering, or arranging timeshare agreements to consumers for money.

Federal Trade Commission (FTC)

A U.S. government agency that protects consumers from unfair and deceptive business practices, including advertising, marketing, and sales.

Unfair or Deceptive Act or Practice

A business action that harms consumers, often by misleading them or taking advantage of them. The FTC has the authority to investigate and take action against such practices.

Acquisition Transparency

The clear and open presentation of all information related to purchasing something, especially all associated costs and terms.

Cooling-off Period

A specified amount of time after making a purchase during which a buyer can cancel the agreement without penalty.