State
officials and Wyndham Vacation Ownership, Inc. have reached a settlement
to resolve complaints related to timeshare sales in Wisconsin.
The settlement includes more than $665,000 in restitution to 29 consumers who purchased timeshare contracts between 2008 and 2013, the Department of Agriculture, Trade and Consumer Protection said Thursday.
According to the settlement, Wyndham will provide a total of $665,404.88 in cash refunds and/or debt relief, divided among the 29 consumers. The timeshare purchase contracts that were the subject of the consumers' complaints were rescinded. In addition, Wyndham will notify credit reporting agencies that no monies are due to the company.
Wyndham will also pay a $99,520 civil forfeiture to the State of Wisconsin and $62,702.20 in fees, assessments and investigative costs.
The settlement comes as a result of an investigation of consumer complaints alleging that Wyndham followed unfair trade practices from 2008 through 2013.
By entering into the agreement, Wyndham does not admit that it has violated any laws or regulations.
The settlement includes more than $665,000 in restitution to 29 consumers who purchased timeshare contracts between 2008 and 2013, the Department of Agriculture, Trade and Consumer Protection said Thursday.
According to the settlement, Wyndham will provide a total of $665,404.88 in cash refunds and/or debt relief, divided among the 29 consumers. The timeshare purchase contracts that were the subject of the consumers' complaints were rescinded. In addition, Wyndham will notify credit reporting agencies that no monies are due to the company.
Wyndham will also pay a $99,520 civil forfeiture to the State of Wisconsin and $62,702.20 in fees, assessments and investigative costs.
The settlement comes as a result of an investigation of consumer complaints alleging that Wyndham followed unfair trade practices from 2008 through 2013.
By entering into the agreement, Wyndham does not admit that it has violated any laws or regulations.
