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Settlement allows some owners to ditch timeshares

Posted: 3:34 PM, May 12, 2017
Updated: 2017-05-12 21:34:26Z

Some Arizona timeshare owners may be eligible to give it back with no strings attached. But you’ll have to do it quickly.

Diamond Resorts Corporation entered into a settlement with the Arizona Attorney General’s Office (AZAG) after says began a consumer fraud investigation in 2016. In a press release the agency says it received hundreds of complaints accusing Diamond Resorts of “deceptive sales practices during timeshare sales presentations.”

Specifically the AZAG points to claims allegedly made about maintenance fee increases, the consumer’s ability to resell the timeshare, and the existence of a buy-back program.

In order to determine eligibility, consumers must file a complaint with the AG’s office by May 23, 2017.

Consumers must also have:
-purchased Diamond memberships between January 1, 2011 and January 23, 2017
-made the purchase in Arizona or was living in Arizona at the time of purchased

Additionally, the complaint needs to include detailed descriptions of false or misleading statements or promises made during the sales presentation.

You can file an official complaint here.