Disclaimer: Before you talk to any attorney or exit company regarding a timeshare exit, your first step is to contact your resort directly to see if they have an exit program that fits your needs.
Welcome to our 'Guide to Timeshare Rescission Periods.'
Understanding the intricacies of timeshare contracts and the legal provisions in different states can be challenging. This comprehensive guide provides essential information about the time window—known as the rescission period—during which you can rescind or cancel a timeshare contract without any obligations in all 50 U.S. states. Please remember that this guide does not substitute professional legal advice. We recommend a free consultation with Xtimeshares.com, a trusted leader in the timeshare exit industry for complex situations or if you've passed the rescission period.
Understanding Timeshare Contract Rescission
Within our 'Guide to Timeshare Rescission Periods, we define rescission as the legal right to nullify a timeshare contract without any ongoing obligations from either party. This right is generally non-negotiable and should be explicitly stated in the timeshare agreement. The rescission period refers to a specific duration—usually 3 to 15 days after the contract signing, as determined by each state's laws—during which a timeshare owner can exercise this right to cancel the contract. This period's existence and length should be communicated in the contract to meet state requirements.
For timeshare owners, the rescission period provides a safeguard to reconsider their decision and exit the agreement without penalties. Additional statutory disclosures must be delivered at purchase or soon after in certain states. Some states apply real property, consumer protection, or solicitation laws if no specific timeshare laws exist. Thus, enlisting a lawyer specialized in timeshare law becomes essential when dealing with such scenarios. If you're a timeshare owner who has exceeded the rescission timeline, don't lose hope—other legal solutions are at your disposal, and we are here to guide you through them.
State-by-State Timeshare Rescission Periods
Alabama Timeshare Rescission Period
You have 5 days, excluding Sunday, after the contract signing to rescind.
Alaska Timeshare Rescission Period
Alaska allows a rescission period of 15 days after receiving statutory disclosure documents.
Arizona Timeshare Rescission Period
In Arizona, the rescission period is 10 days after the execution of the purchase agreement.
Arkansas Timeshare Rescission Period
Arkansas law provides a 5-day rescission period after contract execution.
California Timeshare Rescission Period
The rescission period in California is 7 days after contract signing or receipt of statutory disclosure documents.
Colorado Timeshare Rescission Period
Colorado stipulates a rescission period of 5 days after the sale.
Connecticut Timeshare Rescission Period
In Connecticut, the rescission period is 5 days after the execution of the contract or required disclosure statement.
Delaware Timeshare Rescission Period
Delaware law allows for a 15-day rescission period after the contract execution.
Florida Timeshare Rescission Period
The rescission period in Florida is 10 days after the execution date or the day of receipt of statutory disclosure documents. Georgia Timeshare Rescission Period
In Georgia, the rescission period is 7 days after receiving the statutory documents, excluding holidays and Sundays.
Hawaii Timeshare Rescission Period
Hawaii stipulates a rescission period of 7 calendar days after contract execution or receiving the statutory disclosure documents.
Idaho Timeshare Rescission Period
Idaho grants a 5-day rescission period following contract execution.
Illinois and Indiana Timeshare Rescission Period
The rescission period in both Illinois and Indiana is 72 hours after the execution of the contract.
Iowa Timeshare Rescission Period
Iowa residents have 5 business days to rescind a timeshare contract after receiving all required disclosures.
Kansas Timeshare Rescission Period
Kansas law provides a 3-business day rescission period after contract signing.
Kentucky Timeshare Rescission Period
The rescission period in Kentucky is 3 business days after signing the agreement.
Louisiana Timeshare Rescission Period
Louisiana's rescission period is 7 days from signing or receiving the statutory disclosure documents.Maine Timeshare Rescission Period
In Maine, the rescission period lasts for 10 days following the receipt of the contract or its execution.
Maryland Timeshare Rescission Period
Maryland law permits a rescission period of 10 days following the contract date or the receipt of statutory disclosures.
Massachusetts Timeshare Rescission Period
In Massachusetts, consumers have 3 business days after receipt of statutory disclosure documents to rescind the contract.
Michigan Timeshare Rescission Period
Michigan law allows for a rescission period of 9 business days after receiving all statutory disclosure documents.
Minnesota Timeshare Rescission Period
In Minnesota, the rescission period lasts for 5 days after receipt of a legible binding contract, or statutory disclosure documents.
Mississippi Timeshare Rescission Period
Mississippi offers a 7-day rescission period after receipt of statutory disclosure documents or execution of the contract.
Missouri Timeshare Rescission Period
Missouri law provides a 5-day rescission period after the date of the agreement.
Montana Timeshare Rescission Period
In Montana, the rescission period is 7 days after receipt of statutory disclosure documents or signing the purchase agreement.
Nebraska Timeshare Rescission Period
Nebraska provides a 3-day rescission period following receipt of statutory disclosure documents.
Nevada Timeshare Rescission Period
In Nevada, consumers have a 5-day rescission period following the execution of the contract.
New Hampshire Timeshare Rescission Period
New Hampshire law allows a 5-day rescission period following a contract signing or delivery of all statutory disclosure documents.
New Jersey Timeshare Rescission Period
New Jersey provides a 7-day rescission period following the execution of the contract.
New Mexico Timeshare Rescission Period
In New Mexico, consumers have 7 days to rescind the contract after execution. New York Timeshare Rescission Period
In New York, consumers have 7 business days after the contract signing to rescind the agreement.
North Carolina Timeshare Rescission Period
North Carolina law grants a 5-day rescission period following the execution of the contract.
North Dakota Timeshare Rescission Period
In North Dakota, the right to rescind is valid for a period defined by the agreement itself.
Ohio Timeshare Rescission Period
Ohioans have 3 days after contract signing to rescind the contract.
Oklahoma Timeshare Rescission Period
Oklahoma provides a 5-day rescission period following receipt of a legible contract.
Oregon Timeshare Rescission Period
In Oregon, consumers have 5 days from the contract signing to rescind it.
Pennsylvania Timeshare Rescission Period
Pennsylvania law provides a 5-day rescission period after contract execution.
Rhode Island Timeshare Rescission Period
In Rhode Island, the rescission period lasts 5 business days after execution or receipt of all statutory disclosure documents.
South Carolina Timeshare Rescission Period
South Carolina provides a 5-day rescission period after the date of signing the contract.
South Dakota Timeshare Rescission Period
In South Dakota, consumers have 7 days after the contract execution to rescind it.
Tennessee Timeshare Rescission Period
Tennessee's rescission period lasts for 10 days after contract signing with onsite inspection or 15 days if no inspection was performed.
Texas Timeshare Rescission Period
Texans have 5 days after signing and receiving the contract or receipt of statutory disclosure documents to rescind it.
Utah Timeshare Rescission Period
In Utah, the rescission period lasts for 5 days after contract signing.
Vermont Timeshare Rescission Period
Vermont provides a 3-business day rescission period after contract signing, specifically for Home Solicitations.
Virginia Timeshare Rescission Period
Virginians have 7 days after contract execution to rescind the contract.
Washington Timeshare Rescission Period
In Washington, the rescission period is 7 days after contract execution.
West Virginia Timeshare Rescission Period
West Virginia law provides a 10-day rescission period from the date of signing and an additional 10 days after receipt of public disclosure.
Wisconsin Timeshare Rescission Period
Wisconsinites have 5 business days after contract execution or receipt of the last statutory documents to rescind it.
Wyoming Timeshare Rescission Period
In Wyoming, the rescission period is 10 days after contract signing, specifically for Home Solicitations.
Wrapping Up: Guide To Timeshare Rescission Periods
Timeshare owners need to know the rescission timeline in their respective states. Remember, you still have options even if the rescission period has passed. At Xtimeshares.com, we have spent years helping clients like you navigate the complexities of timeshare contracts. Feel free to contact us if you're past the rescission period and your timeshare company refuses to let you out of your contract.
We offer a FREE consultation service, helping you explore the options to find the best solution tailored to your situation. Don't hesitate to contact us today, and let us help you on your journey to timeshare freedom.