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Violation Tracker Individual Record

Company: Fairfield Resorts, Inc.
Current Parent CompanyTravel + Leisure Co.
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Penalty: $375,000
Year: 2007
Date: July 11, 2007
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The U.S. Department of Housing and Urban Development announced a formal settlement agreement with Fairfield Resorts, Inc. following an investigation into alleged misrepresentations and failures to make proper disclosures to consumers dating back to the 1970s. The agreement involved hundreds of consumer complaints that Fairfield failed to complete promised utility and street improvements for lots in a development in Cumberland County, Tennessee known as Fairfield Glade.
Level of Government: federal
Action Type: agency action
Agency: Housing and Urban Development Department
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Florida
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: hotels
Specific Industry of Current Parent: vacation timesharing
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.