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.
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[...] timeshare contract must have a rescission period. In USA it depends of the State where the purchase was made, while timeshare regulations in Mexico establish that every timeshare contract has a 5 day [...]
Are the days posted actual including weekends or does it mean business days? I just got back to Chicago from Las Vegas after this whole timeshare incident.
Be aware that if you were looking at a timeshare in a foreign country and they call you in your state, and you like what you here and sign a contract, get the rest of the info and it is not what you thought you were getting, you have no recission period. This just happened with us in Aruba. We had been looking for something when we down there and they supposedly got something we were asking for. They told us about the timeshare and asked us to sign a contract (because other wanted it too) and they would send us all the info after the agreement was sent back. We also had to give them our credit card then. When they sent all the paperwork, we felt there was misleading info and since we were within our state’s recission period, we sent a letter asking to cancel. We were informed that there was no recission period because even though we were contacted back in the States, this was sold under their country’s laws, no recission period. And to top it off, our charge card charged us a foreign tax fee.
Are those calendar days or work days?
Don’t know where you found (7 Business Days) for the state of Missouri, but I called attorney generals office and they said 5 days.. Can you explain the (7 Business Days) as I used your criteria for rescission, which was the 5th Business day but actual day 7 according to calendar.. So my question is this: Did I meet the requirements fir recession in Missouri?
I specifically asked when I purchased how long I would have to change my mind. 5 business days.
I have read on another website that if your Contract/Deed does not mention a timeshare rescission then it does not matter how long after you purchase your timeshare you could always rescind. Is this true?
I am not an attorney, but I would say that if there is no language in the contract about a rescission period, then there is no rescission period.
[...] if you are still in the timeshare rescission window? Read Timeshare Rescission Laws for Each US State to find [...]
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.
I’m on a similar situation
What happened? Were you able to cancel the deal?
I’m another one who purchased the timeshare from Grand View in my vacation. Checked my papers and agreements only after my vacation was over (i.e. after 5-days revoking period). I’d like to know what did people in my shoes end up doing, did you guys started paying of your mortgage?
In March we had a similar situation, we were told that the resort we were deeded with thru Wyndham was being sold and they were transfering out people to other deeds (more exspensive) to help us members but come to find out they are not selling the original resort at all and it was all for nothing. I have found a state statute that may assist us with unconscionable contracts when dealing with timeshares. Research you may have something like that as well. If you have any other advice please let me know.
did the state statute help break the contract for you Ellie?
If so what is your state? I bought into the grandview at Las Vegas as well and am not happy with it at all. need advise what to do.
[...] if you are still in the timeshare rescission window? Read Timeshare Rescission Laws for Each US State to find out. [...]
can someone tell me if recission period laws are the same when i buy a timeshare RESALE as it is when i buy from the developer?
Hello Kirstin.
Have you had any luck as I am in the same situation and just want out of the contract.
No responses…??? And no luck getting much information! But thank you for asking…glad to know i’m not the only sucker out there!
Please let me know if you get any information because i am really at wits end! Thanks so much!
in most cases rescission does not apply to resales.