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Subject: Timeshare & Holiday Clubs in S'pore -seeker9912 | |
Author: George | [ Next Thread |
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] Date Posted: Wed, May 11 2005, 16:14:32 How come Singaporeans so easy to bluff?! After 30 years of scamming people, still victims can be found. Some pple even come cheat the victims by pretending that they can help to recover the money. Why is singapore laws for protecting the consumer so backward? Is there no interest in solving the timeshare problem despite 2000 complaints last year? Singapore is an efficient country how can this 30 year problem be allowed to go on and on? Why can we license these timeshare/holiday club companies? We license our hawkers, we license our taxi drivers, why can't we license these timeshare companies. Other countries have the "Timeshare Act" : http://www.funforall.co.uk/timeshare/Timeshare-Act.htm http://www.dti.gov.uk/ccp/topics1/guide/timeshare.htm You have a right to a 14 day cooling off period, counted from the day you sign the timeshare contract. During the cooling off period, you have the right to cancel the contract at no cost and to have any associated credit agreement or credit card payment cancelled automatically. The seller must not seek or accept any money from you during the cooling off period, for himself or anyone else. If you ask for a brochure, the seller must give it to you. The brochure must contain the information about the timeshare property specified in Section 2. This information must be included in the contract if you buy. The seller must give you a cancellation form if you sign a contract, with a note setting out your right to cancel the contract. Use of the cancellation form must also automatically cancel any associated credit agreement. The seller must give you the brochure and contract in your own language, if you ask for it, providing that this is an official European Union language. The seller must give you a translation of the contract in the language of the country where the timeshare is located, providing that this is an official European Union language. This will be needed if you have to go to a foreign court. These rights apply to timeshare in apartments and houses etc. Some rights also apply to caravans. It is a criminal offence for the seller to try to sell you a timeshare without giving you the brochure containing the information set out in Section 2, if you ask for it. It is also a criminal offence for the seller to ask for or take any money from you during the cooling off period. Local authority trading standards departments are responsible for enforcement. [ Next Thread | Previous Thread | Next Message | Previous Message ] |