AG Ellison announced he has resolved investigations and entered settlements with three different companies—Encore Law Inc., Last Resort Consulting, and Tradebloc—which purported to offer “timeshare exit” services that charge thousands of dollars based on promises to relieve Minnesotans from timeshare debts. In doing so, the companies violated Minnesota’s “debt settlement services” law by, among other things, charging large upfront fees and failing to obtain proper licensing. The Attorney General also investigated potential misrepresentations about the company’s services and statements about expected results. The settlements will result in $269,378 in refunds back to consumers.

”I hate to see unethical companies promise help to Minnesotans stuck in costly timeshare contracts, only to rip consumers off again. I’m glad to announce that three timeshare exit companies have agreed to refund consumers and comply with Minnesota law going forward. I hope these settlements put others on notice that if they do not follow the law, we will hold them accountable. I strongly encourage Minnesotans to exercise caution when it comes to timeshare exit companies, especially older Minnesotan. Remember, in Minnesota, it is illegal to charge an upfront fee for debt-settlement services. And if something sounds too good to be true, it probably is. If you counter problems with a company that takes money to get you out of a timeshare agreement or any other debt, I encourage you to contact my office and the Minnesota Department of Commerce.” – AG Ellison 

https://www.ag.state.mn.us/Office/Communications/2025/01/23_TimeshareExit.asp