Truth is always a defense against allegations of defamation and libel. We exercise careful diligence to verify the information that we publish in the database. We factually state data that we obtain from public records. Where we can’t make a proper determination of a classification, the record’s classification remains “Undetermined.” Our classifications are based on definitive, published criteria that can be supported by empirical evidence that typically originates from public records. See our Article Asset-Less vs.Unburdening Companies… for a definitive list of our classifications.
Any company or individual who appears as a record in our database may review their record and provide explanations or feedback to it. We have several such records. When there appears to be a discrepancy between a company’s reputation and its transfer activity that appears to be suspicious, TTR contacts the company to provide an explanation.
Information that is provided by our Subscribers is identified as such and is never used solely to make a determination of a classification. Information provided by our Subscribers is posted anonymously. The identity of our Subscribers, their companies, and their resorts is not published.
It is TTR’s position that to knowingly and intentionally convey a timeshare interest to an entity or person who lacks the liquidity to pay the associated assessments or intends to default on those obligations is fraud. This position is well supported not only within the timeshare industry but also by several State legislatures that have passed laws to that effect. See our Article, Unburdening Company Myths #1 and #2 for more information on this.
It is also TTR’s position that the procedures that we recommend should be part of a transfer policy in order to to fulfill the Association’s duties with regard to the maintenance of the members’ roster, the protection of the title to the timeshare interests, and the collection and enforcement of assessment obligations. See our article, Huh, I Didn’t Know Our Resort Even Had a Transfer Policy!.
We emphasize that the information provided by TTR should not be the sole basis for determination of whether an Association should reject a transfer. TTR’s information is to be used as guidance for evaluating a potential transferee. All of our procedures recommend that our Subscribers state the information that TTR provides in a letter (based on our model letters) and request an explanation of the circumstances from the transferee.