Each state passes its own laws regarding the amount of time you have after buying a timeshare property to return it for a full refund. The process of returning an unwanted timeshare shortly after purchasing is known as Timeshare Rescission, or rescinding. The timeshare rescission process refers directly to the interval of time that is legally allowed to pass before you can no longer return a timeshare contract, or change your mind about your time share purchase. The ability to return an unwanted timeshare shortly after purchasing is not something your timeshare salesperson is likely to mention, but it is built into every state's legal code as a protection for consumers; some people also tend to refer to this time as the "cooling off period" following the purchase.
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.
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So you've done your research regarding timeshares. You know that you can save money buying on the resale market instead of purchasing directly from a developer. You have spent hours perusing timesharing forums and websites. You are well-versed on the difference between points vs. weeks, and your friends have even started emailing you regarding their timesharing questions. But before you take the plunge into timeshare ownership there is one more step I encourage you to take – try before you buy.
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Luxurious travel is not always synonymous with timeshare. RCI is hoping to change that association with their newest exchange program, The Registry Collection. Catered to the "money is no object" crowd, The Registry Collection is the world's largest high-end timesharing option. This exclusive time share club provides its members access to a network including some of the world's most exclusive, luxury destinations. The Registry Collection is administered through RCI and offers various accommodation options to members including condos, hotels, fractional ownership, private clubs, and yachts. These destinations boast personal concierge services, private jet charters, custom vacation packages, access to international golf locations, personal shopping, and other members-only perks.
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It is no surprise that the depressed economy has started to effect the timeshare market. Vacations are often among the first expenses to go in a climate of instability. While it is still too early to tell what time share owners can expect from this most recent economic downturn, we can look at the positive and negative effects it could have on owners, and what you can do to prepare and/or take advantage of the present economic climate.
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With most timeshares focusing on middle-class family vacation needs, a former timeshare developer named Rob McGrath saw a niche market in the luxury timeshare market, and decided to launch clubs targeting affluent families that want the benefits of second home ownership. These clubs, known as Destination Clubs, basically use the same model as a timeshare. In exchange for a one-time upfront membership fee, and annual membership dues, a member is able to access a roster of luxury vacation homes around the world, which can be booked based on availability and reservation priorities.
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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. 
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