Who Regulates Timeshares in Mexico?
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What are timeshares? Timeshare is the system through which you have the right to use several specific weeks or different nights of a vacation property, during a specific or variable period. It has remained the most popular method of vacationing in recent decades. The tourism industry has grown drastically, so much so that it is an option to consider for many people.
There are several types of timeshares. These vary in all their characteristics, that is, the timeshare can be somewhat customized to the taste and needs of the owners. People who have purchased timeshares have enjoyed a vacation once a year for several years, however, it is worth mentioning that not everything is positive. If you pay attention to the complaints that have arisen about timeshares, you can see that these units also have their problems.
Timeshares in Mexico.
Mexico is one of the most popular countries in the world for timeshares. It is well known that Mexico is a beautiful country that highlights its traditions, cultures, places, beaches, and people. Every year, millions of national and international tourists come to these exotic places to enjoy wonderful vacations. However, tourists always end up complaining about two main things: the price and the hassle of the timeshare sellers.
Due to these complaints, the owners start looking for a way to get rid of their timeshare. Many times, due to the despair of distancing themselves from it, they make a mistake by trusting people who are not the ones. In Mexico, timeshare scams happen every day. That is why it is very important to know the regulations that exist to avoid being scammed.
The Federal Law of Tourism of 1984 considers timeshare as a "provision of tourist services"; This means that the Ministry of Tourism is in charge of monitoring the provision of the same as well as the interpretation of the contracts. Timeshare contracts are legal contracts. That is, it is a very important document that has regulations that must be complied with. Under article 65 of the Federal Consumer Protection Law (LFPC), the sale or pre-sale of a timeshare may only begin when the contract is registered with the Agency of Protection to the Consumers of Mexico (PROFECO).
To solve the problem of so many complaints about the timeshare, the Mexican authorities decided to take action on the matter. The Mexican Consumer Protection Agency (PROFECO) and the Mexican Association of Tourism Developers (AMDETUR) signed an agreement to strengthen the rights of timeshare consumers. The main standard in this agreement was: the protection of consumer personal information.
In Mexico, there are several laws to regulate the timeshare industry; however, they have not been effective as scams and fraud continue to increase. Resorts should comply with their financial and security regulations, but they do not establish any rules of conduct for employees. Employees are the biggest troublemakers in the world of timeshare reselling. These people already know the fraudulent tactics that will manage to deceive the owners. You should be on the lookout for any signs of fraud with a vendor. Many sellers ask for your personal information to share information about the best options they have to offer you. Do not mind it! If they ask for your information, it is certain to be a fraud.
These fraud strategies are common. These sellers make calls to the owners asking for all their personal information to send them information about the offers or options they have for them. Fake! These sellers use that strategy to collect all the information about you and then use it against you. By sharing your information, they take advantage and commit fraud, leaving you with no profit or rights to your property. Because of this, you have to be well aware of all the possible fraud scenarios that can be presented to you.
If you have already purchased a timeshare and now want to get rid of it, get informed to avoid being a victim of fraud. The timeshares industry has been characterized by having two faces: the good one that guarantees unforgettable vacations and with affordable prices to visit the best places. On the other hand, there is also the caramel full of deception, scams, and false promises that take away your peace of mind.
As with any other contract signed, the timeshare contract is a long process and not easy to carry out. There are several ways to get out of a timeshare, but none of them are easy. Sell: The market price is well below the ideal price. Donate or transfer: timeshares have fees that have to be paid obligatorily, this in the long term is a very large financial responsibility and few people are willing to accept it. The best way to get out of a timeshare without a doubt is the final cancellation of these contracts.
There is no doubt that legal processes can be very tedious and complicated, but there is nothing better than definitively ending a contract that you have committed to for several years. There is nothing wrong with asking for help from professionals when a subject is not known to us. Just as there are companies dedicated to fraud and deception, there are also companies dedicated to helping you with this type of process.
Mexican Timeshare Solutions is a company dedicated to the cancellation of timeshare contracts. We have several experts in the timeshare industry. Our commitment is to help you avoid scams and get your contract canceled for good. Our company is characterized by professionals who provide confidence and security to clients so that they do not have any doubts during the process. We offer free consultations to resolve all the questions that are overwhelming you. Do not hesitate to contact us to receive the best advice within the industry. We have a long list of clients who share their experiences with us so that you can be sure that our priority is to help you.
To receive mora information about timeshare regulations in Mexico and how to cancel your timeshare, send a WhatsApp to +52 1 333 239 6589, fill the contact or call us at +1 714 277 3662.