TBA Law Blog


Posted by: Amelia Ferrell Knisely on Feb 24, 2016

Attorney General Herbert H. Slatery III today announced a $3 million settlement with Festiva for alleged violations of the federal Telemarking Act, federal Telemarketing Sales Rule, and the Tennessee Consumer Protection Act. Certain consumers who purchased vacation or timeshare products from Festiva companies will be eligible to have their Festiva contracts cancelled and receive partial refunds of the money they have paid to date. Under the terms of the settlement, Festiva agreed to provide $1,250,000 in cash restitution and up to $1,000,000 in loan forgiveness for eligible Tennesseans.