Update to St. Maarten Timeshare Legislation
Since 2003, St. Maarten has had some limited timeshare consumer regulation in place. However, within recent years it has become clear that this legislation is in need of an update in order to meet the necessary protection, safety, and security standards that consumers expect with their timeshare experience.
Currently, ARDA and ARDA ROC are partnering with the St. Maarten Timeshare Association on an initiative to bring in new, updated legislation. On September 6, 2016, the parliament central committee supported a draft ordinance to establish a timeshare authority and regulate the timeshare industry. The new legislation offers access to a practical resolution of timeshare issues through the Timeshare Authority, bankruptcy protection for all types of timeshare, as well as checks and balances for the operation of timeshare properties.
Through the establishment of an updated timeshare legislation, as well as an appropriately functioning authority in the region, St. Maarten will be equipped to create memorable experience for owners, while protecting their vacation interests.
The new timeshare legislation also sets the foundation for the industry to confidently operate in the market and continue to build upon the already tremendous vacation experience. As the timeshare industry grows in the region, another level of economic impact can flow into the surrounding communities.
Position/Call to Action
ARDA and ARDA-ROC advocate for legislation that provides crucial support for the local economy, government, developers, as well as protect the consumer and preserve the vacation experience.
ARDA and ARDA-ROC will continue to work with the St. Maarten Timeshare Association to ensure that the new legislation is the most appropriate legislation for the region.