Attorney General William Sorrell stated a reminder to companies, "If out-of-state companies offering an economic benefit to consumers in Vermont violate the state's consumer laws, they can expect strong enforcement and serious consequences." Such government enforcement is a relief to timeshare owners seeking for timeshare relief.
Most timeshare owners who are looking for ways to be free of their timeshares get victimized by fraudulent companies promising these owners to free them of their timeshares. These companies take advantage of the desperate situation of these owners knowing they will bite any bait just to be free from their timeshare contracts.
Apex Professionals, LLC met several timeshare owners last spring of 2009. The company promised these owners to transfer their timeshare contracts to free them of their timeshares. They also stated that they will pay the owners for their timeshares. However, the company charged them of several thousand dollars to transfer the ownership. They were consoled with the information that they can offset their payments by filing federal income tax deduction for investment looses.
The state of Vermont charged Apex $120,000 for restitution and penalties to settle the claims because of their violation of Vermont’s consumer law. Fifteen Vermont consumers will be paid more than $64,000 while $65,000 will be allocated for penalties and refund for state expenses over the case.
Such circumstance should open the eyes of timeshare companies, especially the fraudulent ones that violations have its certain fee. Timeshare owners who want to get rid of their timeshares should be vigilant to catch fraudulent timeshare companies to cut down the numbers of their victims.
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