St.maarten – The central committee of parliament supported yesterday the initiative draft ordinance that regulates the time share industry and the ordinance to establish the timeshare authority.
First introduced by former DP-MP Leroy de Weever, DP-MP Sarah Wescot-Williams completed the process to make the legislation ready for handling in parliament.
Committee members did not have any questions about the draft.
Wescot-Williams said in a brief introduction that the draft ordinance offers access to a practical resolution of timeshare issues through the Timeshare authority. The legislation also includes bankruptcy protection for all types of timeshare and checks and balances for the operation of timeshare properties.
Source: Today SXM Timeshare legislation breezes through central committee