Timeshare Rescission Period in US
It makes no difference if you purchased your timeshare is through RCI, Wyndham, Celebrity, Disney, Fairfield, Hilton, Hyatt, Mariott, or another timeshare exchange company, the Right to Rescission is entirely dependent on the state law where the timeshare property was purchased. Each set of documents/purchase papers accompanying a timeshare sale will include form explaining how to rescind. It will likely be titled something similar to, "Notice of Mutual Right of Cancellation of Time Share Purchase." If you fall within the window of legal rescission, see the following post - 10 Steps to Successfully Rescind Your Timeshare – for detailed instructions on how you can complete the timeshare deed cancellation and rescission process. Below you will find the timeshare rescission period for each state, and please add your own comments below if you have had experience in a particular state.
Timeshare Rescission Cancellation Periods by State:
Alabama – No data available
Alaska – 15 days
Arkansas – 5 days
Arizona – 7 days
California – 7 days
Colorado – 5 days
Connecticut – 3 days
Delaware – 3 days
District of Columbia – No data available
Florida – 10 days
Georgia – 7 days (business)
Hawaii – 7 days
Idaho – No data available
Illinois – 5 days
Indiana – 3 days (business)
Iowa – 5 days
Kentucky – 5 days (business)
Louisiana – 7 days
Maine – 10 days
Maryland – 10 days
Massachusetts – 3 days
Michigan – 5 days
Minnesota – 5 days
Mississippi – 7 days
Missouri – 7 days (business)
Montana – 7 days
Nevada – 5 days
New Hampshire – 5 days
New Jersey – 7 days
New Mexico – 7 days
New York – 7 days
North Carolina – 5 days
North Dakota – No data available
Ohio – 3 days
Oklahoma – No data available
Oregon – 5 days
Pennsylvania – 5 days
Rhode Island – 5 days (business)
South Carolina – 5 days
South Dakota – 7 days
Tennessee – 10 days
Texas – 5 days
Utah – 5 days
Vermont – 3 days
Virginia – 7 days
Washington – 7 days
West Virginia – 10 days
Wisconsin – 5 days (business)
Wyoming – No data available
** The following 30 states are home to the majority of US timeshares – AR, AZ, CA, CO, FL, GA, HI, IA, IL, LA, MA, MD, ME, MO, NH, NJ, NM, NV, NY, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA and WI. As such, some of the other states listed above may have very little information on time share law, or do not have any policy concerning a rescission period in their state. I have made note of which states these are, and encourage you to contact the local state government office in those states which lack well-defined timeshare rescission laws.
*** Also worth mentioning, some states do the dates according to business days, and others do not – be on the safe side and DO NOT assume the time allotment goes by business days.
February 21st, 2010 at 8:15 pm
[...] if you are still in the timeshare rescission window? Read Timeshare Rescission Laws for Each US State to find out. [...]
March 11th, 2010 at 12:15 am
Hi,
We made a timeshare purchase in Las vegas, my husband and I are from France. We were not inform about the cooling off period, and since we are on holiday we were not really able to read the contract and just proceeded with our holiday as scheduled. Now that we are able to check and do some research about GandView Las Vegas, we are not happy with our purchase. And to add to our frustration we are only given 5 day cooling off period (resicion)which was not informed to us. At this point it has been 12 days and we are back in France. Is there anything else we can do about this? I would appreciate any advise and hope someone can help us. We are new with the concept of timeshare and were attracted to some promises that later on as per research are all false. Please help.