The March 28, 2022 Federal Official Gazette published mandatory
standard NOM-029-SE-2021, Business practices-Informational
requirements for the provision of timeshare services
(NOM 029), which supersedes the 2010 version. The
new NOM 029 will go into effect on September 24, 2022.
Scope of New NOM 029
NOM 029 governs the required standards for the sale and pre-sale
of timeshare services, mandatory content and registration of
timeshare agreements, requirements to be contained in timeshare
regulations, certification procedures, and supervision for
timeshare service providers, among other processes. Based on the
new NOM 029, purchasers may sell, transfer, or assign their rights
arising from a timeshare services agreement. Promotion and
commercialization of international timeshare services is also
permitted.
