Timeshare legislation breezes through central committeePOSTED: 09/7/16 9:36 AM
St.maarten – The central committee of parliament supported yesterday the initiative draft ordinance that regulates the time share industry and the ordinance to establish the timeshare authority.
First introduced by former DP-MP Leroy de Weever, DP-MP Sarah Wescot-Williams completed the process to make the legislation ready for handling in parliament.
Committee members did not have any questions about the draft.
Wescot-Williams said in a brief introduction that the draft ordinance offers access to a practical resolution of timeshare issues through the Timeshare authority. The legislation also includes bankruptcy protection for all types of timeshare and checks and balances for the operation of timeshare properties.
There is also a code of conduct for sales persons and there are rules for vacation club sales. “These are similar to Timeshare, but in reality they offer only vacation discounts,” Wescot-Williams said.
She referred to the recent court ruling of the Timeshare Owners at Caravanserai Foundation against Alegria, whereby the court ruled that Timeshare rights have to be respected, also in the case of an executorial sale.
The ordinances will now go for handling to a public meeting of parliament.