The Visa Improvement to Stimulate International Tourism to the United States of America (VISIT-USA) Act has several parts but includes the creation of a new non-immigrant visa, renewable every three years, for overseas investors who spend at least $500,000 to purchase single-family homes in the United States. In order to be eligible, those applying must spend at least $250,000 on a primary residence where they will reside for at least 180 days out of the year while paying taxes to the U.S. The debate comes as a new act, allowing the US to take action against fraudulent timeshare companies, has just become legislation.
The Timeshare Resale Accountability Act will force companies to offer easier get out clauses for investors, and also to be more upfront about the terms of their products. Penalties will be applied to companies which fail to apply.
***
International Timeshare Refund Action
Our current UK Class Action claim is only for members of RCI Europe. This is because of legal corporate jurisdiction. RCI have many different companies operating under their banner throughout the World. For example, in the USA RCI trade as RCI - LLC which is an American company. They have recently made a settlement for their wrongdoings to their USA week’s owners and a claim by point’s owners is still ongoing.We have recently appointed ITRA licensed agents who have opened offices in Singapore, South Africa and Australia who are pursuing claims and action where appropriate against RCI, resorts and management companies locally in much the same way of our European current operations.
No comments:
Post a Comment