EP QUESTION ON THE TIMESHARE DIRECTIVE (94/47/EC)

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EP QUESTION ON THE TIMESHARE DIRECTIVE

About the EP Directive

Provides rights to cancel certain timeshare agreements. For most timeshare contracts subject to UK law, the trader must give consumers notice that they have a right cancel the agreement within fourteen days of signing.

Abstract

Heading: EP QUESTION ON THE TIMESHARE DIRECTIVE (94/47/EC)
Subject: Consumer Protection
Source: Official Journal of the European Communities Information and
Notices
Pub date: 22 December 1998
HANTSNET: January 1999
Acc/Ref: 9721479 Ref/No: 98/C402/83
Key: Time-share Properties
Abstract: European Parliament written question No E-1068/98 by Allan Macartney (ARE) regarding the implementation of the Timeshare Directive (94/47/EC) and the continuing problem of the abuse of verbal or written promises to buy back ownership of timeshare properties. The Commission points out that Directive 94/37/EC does not deal with general sales and marketing methods such as promises to buy back ownership from clients wishing to take advantage of resale services. This remains a matter within the competence of the individual Member States. The Directive covers only those aspects concerning the contractual transactions that relate to information or the component parts of a contract and the arrangements for the
communication of that information and the procedures for cancellation and withdrawal.