EU Legislation, Initiatives, etc.
DTI: The European Commission has announced plans to crack down on bogus "Holiday Club" scams which have hit tens of thousands of British holidaymakers, following pressure from the Department of Trade and Industry to help stamp out rogue "holiday clubs", by updating the 13 year old EU Timeshare Directive. The Commission's plans incorporate proposals put forward by the DTI, on behalf of the UK Government.
Victims often part with thousands of pounds to buy membership of a club promising cheap holidays for years ahead, which often turn out to be worthless. Holiday clubs get around timeshare laws because holiday club membership is not linked to any rights in any particular property, so consumers are not protected.
The proposals include:
- A ban on Holiday Clubs taking money up front
- A 14 day cooling-off period
- Up front information setting out precisely what club membership entitles a consumer to and exactly who their contract is with. This must all be included in their contract