VO Financial Applauds Regulations Against Timeshare Fraud

A new Florida bill seeks to crack done on timeshare fraud—and it has won the praise of companies like VO Financial.

Jul 31, 2012, 06:00 ET from VO Financial

EGG HARBOR TOWNSHIP, N.J., July 31, 2012  /PRNewswire/ -- Timeshare fraud is a serious threat to consumers. If anything, the ever-burgeoning influence of the Internet, and the anonymity it offers, makes different kinds of scam more prevalent, and timeshare fraud is no exception. This is particularly true in places like Florida, where timeshare properties are more common—but a new Florida bill is seeking to crack down on timeshare scammers, and ultimately to protect the consumer. The bill has won the praise of VO Financial, itself a company zealous for curbing the threat of timeshare fraud.

The bill in question is called the Timeshare Resale Accountability Act, and was signed into law by Florida Governor Rick Scott just last month. The bill is designed to tackle timeshare fraud, particularly as perpetrated by disreputable timeshare resale companies.

The Timeshare Resale Accountability Act was implemented with the intention of offering greater protection to Florida consumers, and to help bring about an end to the deceptive marketing practices that are often implemented by fraudulent timeshare resale companies. These companies target unsuspecting consumers, claiming to deliver services in selling timeshares more quickly or for better prices.

According to VO Financial, this kind of deception and timeshare fraud remains a big problem, not just in Florida but all over the country. VO Financial is a company passionate for assisting individuals who have been victimized by timeshare fraud. The company has issued a new statement to the press in which it offers its own assessment of—and praise for—the Timeshare Resale Accountability Act.

"Timeshares with an existing mortgage attached have a zero percent chance of being resold," says the VO Financial press statement. "Hopefully this bill will scare resellers from preying on timeshare consumers."

The bill in question requires the full and fair disclosure of all terms and conditions of services being offered, as well as a rescission period for consumers to cancel a contract with the timeshare resale company. The bill offers stiff penalties for individuals or companies that engage in fraudulent or deceptive practices with regard to the resale of timeshares.

VO Financial is a company that offers unique services to those who have been defrauded by timeshare resale companies. The largest timeshare consulting agency in the world, VO Financial  helps clients recover from fraud by providing financial services and high standards of customer service. VO Financial believes timeshare fraud to be a serious criminal activity, and the company applauds consumer protection regulations such as those embodied by the Timeshare Resale Accountability Act.

VO Financial offers assistance to individuals who have fallen victim to timeshare fraud, misrepresentation, and other predatory activities. The VO Financial team knows that this degree of fraud can prove overwhelming. As such, the firm strives to create an honest and reliable service for victims of this criminal activity, who need knowledgeable professionals upon which to rely. VO Financial is the largest timeshare consulting firm across the globe, and it aims to assist clients in recovering from fraud through high quality customer service and a dedication to doing the right thing by each case it takes on.

SOURCE VO Financial