Subject: Swiss American Bank
DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION
Jeb Bush, Governor Cynthia A. Henderson, Secretary
Re: File Number
Swiss American Bank
Dear Mr. Henry:
The Bureau of Timeshare received your
letter regarding the resale of your timeshare week. The Bureau regulates the creation, sale, and operation of timeshare plans in the
In response to previous consumer complaints received by the Bureau concerning Swiss American Bank, the Bureau conducted an investigation of the company for compliance with chapter 721, F.S. The investigation was concluded after it was determined that the timeshare resale activities of Swiss American Bank do not appear to come within the scope of any of the statutes enforced by the Bureau of Timeshare under chapter 721, F.S.
Please understand that our inability to investigate your complaint further is due to the limits of the Bureau's regulation authority under chapter 721, F.S., and is not due to a lack of concern for your situation.
However, as a courtesy we have forwarded a copy of your complaint letter and
any documents that you provided, to the Florida Department of Law Enforcement, in connection with their
investigation of possible criminal law violations. You can contact them by
writing to: Florida
Department of Law Enforcement,
It is also the Bureau's
understanding that Swiss American Bank is being investigated by
The U. S. Postal Inspection Service is also conducting an investigation of Swiss American and International Appraisals. You may contact them at:
Agent S. E. Souza,
Phone: 401-276-6930, Fax: 401-351-2950.
In an effort to assist you further, enclosed is general information
concerning reselling a
Thank you for contacting the Division of Florida Land Sales, Condominiums and Mobile Homes, Bureau of Timeshare.
Sheila Norris, Administrative Assistant
for Daniel F. Hogan
Supervisor Enforcement Section Bureau of Timeshare
BUREAU OF TIMESHARE -
Telephone (407) 317-7225 · Fax (407) 317-7230
INTERNET ADDRESS: http://www.myflorida.com/myflorida/business/learn/realestate/timeshare/