Your Business Needs ARDA to be Strong!Ever think about what the marketplace would look like without ARDA as your strong industry advocate? Our industry would have faced an end to same-day
timeshare sales/financing in more than 48 states. Legislation would have
been passed to increase real property taxes on timeshare interests
in A major federal Mortgage Reform and Anti-Predatory Lending Act would have mandated unnecessary and burdensome requirements on the industry’s ability to provide purchase financing to consumers. No one would have reached out to the U.S. Consumer Product Safety Commission to notify them that there remains some misunderstanding at the state and local government level about compliance obligations within the Virginia Graeme Baker Pool and Spa Safety Act. Sound scary? All this and more would have happened in 2008-2009 if ARDA did NOT exist. As a member, your company support enables us to have one community voice heard on the federal, state, and local levels—one that has continually spoken out and protected our industry from potentially devastating legislation. Not convinced? Read through the Federal and State legislative victories listed below. Then please remit your FY 2010 corporate membership dues to ARDA as soon as you receive your invoice.You wouldn’t consider not insuring your Resorts– please don’t leave your business uncovered either! Now, more than ever, we must all work together to keep the industry strong and prosperous. We’ll do our part. How about you? Your Dues Make the Difference!Federal Affairs | State Affairs | Your Dues At Work Federal Affairs Legislative 2009 Round UpH.R.
3915, Mortgage Reform and Anti-Predatory Lending Act H.R. 3221, Housing and Economic Recovery Act of 2008The timeshare industry would have been materially and adversely affected by the proposed language of HR 3221. Emergency Economic Stabilization Act of 2008 (EESA) The credit market dislocation created a very significant and immediate liquidity crisis for timeshare developers and threatens the industry’s continued viability. Comprehensive Immigration Reform ARDA supports a tamper-proof employee verification system and believes that this element is essential for the guest worker program to function properly. Green Building: ARDA/Real Estate Industry Sustainability Statement ARDA supports the advancement of an economically prosperous and environmentally sustainable future and is committed to supporting all commercially reasonable strategies that (a) promote sustainable practices, (b) use energy more efficiently, and (c) employ cleaner sources of energy. The high cost of insurance put property owners at greater financial risk to recover from losses, while also affecting property values since dramatic insurance increases often cannot be passed on to tenants. Real Estate Settlement Procedures Act (RESPA) ARDA and approximately 12,000 other parties provided comments on the proposed rule to HUD. ARDA submitted comments on three specific issues of interest to the timeshare industry. Americans with Disabilities Act (ADA) DOJ raised certain questions with respect to some of the major proposed amendments which the department would like comment or further education on. Lilly Ledbetter Fair Pay Act of 2009 The Ledbetter Act extends statutes of limitation for most federal anti-discrimination laws, allowing an employee to file suit for discriminatory decisions made long ago if the employee’s pay is still affected by the results of the decision. Virginia Graeme Baker Pool and Spa Safety Act The Act specifies that on or
after The Rule mandates creditors and financial institutions to implement written identity theft prevention programs. State Affairs Round Up: 2008 - 2009 Year-in-Review
*For a full copy of all the Federal and State Affairs Round Up, please download: Your Dues At Work. |