UT Division of Real Estate Seeking Update to Timeshare Law
Issue BriefPrior to the 2014 legislative session, the Utah Division of Real Estate (Division) informed ARDA and ARDA-ROC that it plans to seek changes to the Timeshare and Camp Resort Act (Act) to bring it up to date. The Act was originally passed in the late 1980s and has only seen minor changes in the last quarter century. During that same time period the timeshare industry has grown exponentially and product offerings have evolved several times. The changes would be intended to reflect the current state of the industry and consumer protection standards.
ImpactThe timeshare industry and it owners could see benefits from modernization of the Act in Utah. ARDA and ARDA-ROC will be working with the Division to ensure that the changes proposed truly reflect the state of the industry today and provide meaningful consumer protection for the current environment without negative unintended consequences.
Issue UpdatesDuring the 2015 session, Rep. Gage Froerer filed HB 422 providing for a number of changes to the Utah Timeshare and Camp Resort Act. The changes, requested by the Utah Division of Real Estate and supported by ARDA and ARDA ROC, were intended to update sections of the act to reflect changes in timeshare products and use as well as improve the Division’s ability to provide oversight by providing additional clarity to the statute.
The bill passed the House but did not receive approval by the Senate prior to the end of the legislative session.