Timeshare Regulations in Mexico: What You Need to Know
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Mexico is a beautiful country, surrounded by stunning beaches and exotic landscapes. It is the perfect vacation spot and a desirable getaway.
Every year, millions of tourists from all over the world arrive in Mexico with the expectation of having a great vacation.
However, there is something that scores of vacationers complain about: the constant timeshare hassle. Timeshare scams in Mexico are on the rise, and people should be watchful about this.
Know the timeshare regulations in Mexico and what to do if you feel you were scammed.
Timeshare Industry in Mexico
Just after the USA, Mexico is the second country with more timeshare developments in the world.
While vacationing in Mexico, it is very common to be approached on the streets by several OPC’s (Outside Public Contact), who are the ones in charge to inviting people to the timeshare presentations.
There are testimonials from people who have felt stalked and harassed by them, as they can be very persistent.
Even so, there are some vacationers who accept the invitation in order to get the gifts they are offered.
It is completely ok to go and attend the sales pitch, on the other hand, vacationers should be very careful as these presentations are very high-pressure, and many people end up signing the dotted line.
Remember that timeshare salespeople can give you loads of verbal promises, without any written confirmation.
Do not underestimate their ability to do timeshare sales, they do it every day and are very good at it.
Visit our Black List of Timeshare Fraud Resorts to learn about the most fraudulent timeshare companies in Mexico.
Timeshare Regulations in Mexico
Due to the large number of timeshare complaints, the Mexican authorities decided to strengthen the already existing timeshare regulations.
On October 2012, the Mexico’s Consumer Protection Agency (PROFECO) and the Mexican Resort Development Association (AMDETUR), signed a collaboration agreement to improve and fortify the timeshare consumers’ rights.
Some of the main clauses decreed in this timeshare agreement are the following:
Immediate attention mechanisms will be promoted by AMDETUR members, in order to offer prompt, timely and quality attention to the consumers.
- Advertising: PROFECO will motor the publicity made by the timeshare providers, in order to verify if they follow the Federal Law on Consumer Protection.
- Both PROFECO and AMDETUR agreed to arrange training courses for their members, regarding the timeshare providers’ obligations and the consumers’ rights.
- Personal data protection: Obligations and responsibilities were established to protect the privacy rights of consumers.
If you purchase a timeshare in Mexico, you should also know the following facts:
- You have a 5-business-day cooling-off period, also known as the rescission period, to cancel your timeshare contract
- It is not allowed to use gifts and prizes without informing the consumer the real purpose of the offer
- Timeshare developers must comply with all the obligations established in the timeshare contract
In order to spread more information about the new timeshare regulations, PROFECO has made virtual brochures to inform customers before buying a timeshare.
The aim of the new changes made to the timeshare regulations, is to protect the consumers’ rights and avoid timeshare scams.
Timeshare scams have increased in the past few years, and the Mexican government is aware of this.
Therefore, it became necessary to establish a new standardization that regulates the activities and sales practices of timeshare companies.
Before you purchase a timeshare in Mexico, you need to think very carefully about how you will use your vacation ownership, don’t feel pressured into buying, and take your time on it. Also, do an internet search on the company and be sure that it is legit and honest.
Being Scammed in a Foreign Country
Unfortunately, regardless of the several warnings about timeshare scams in Mexico, many vacationers have become victims of timeshare fraud there.
Nevertheless, please do not judge the whole country for an unfortunate event.
Be assured, that the vast majority of Mexicans are hardworking and honest people. Timeshare cancellation is possible, even after the rescission period has expired.
If a Mexican timeshare fraud sounds familiar to you, you have come to the right place.
At Mexican Timeshare Solutions, we assist timeshare purchasers who feel they were scammed.
MTS is the only company that doesn’t charge any upfront fees; if we cancel your timeshare contract, we get paid; if not, you don't waste any money.
Contact MTS for a free consultation on how we can help you release yourself from any timeshare obligation in a legally-reliable manner.
To receive more information about timeshare regulations in Mexico and how to cancel your timeshare, send a WhatsApp to +52 1 333 239 6589, fill out the contact form, or call us at +1 714 277 3662
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