Florida Legislature Passes Time Share ‘Debt-Cancellation’ Bill

The Florida legislature has approved a bill that allows time share operators such as Disney’s Disney Vacation Club (DVC) to sell policies to new buyers that will allow them to walk away should they suffer a loss of income. The bill, championed by Disney, means that hesitant prospective buyers who are afraid to invest in the time share given the current state of the economy will now be offered the potential to drop the time share and any remaining balance due.

The bill will be sent to the Governor’s office who’s expected to sign.

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