Every state with timeshare sales has a mandatory rescission period (also called a "cooling-off period") that gives buyers the legal right to cancel with a full refund. Periods range from 3 days (Indiana, Virginia) to 15 days (Alaska, Tennessee) after signing the purchase agreement. The cancellation must be in writing and sent to the address specified in your contract.

Rescission Periods by State

StateDaysStatute
Alabama3AL Code §34-27-50
Alaska15AS §34.08.130
Arizona7ARS §32-2197.17
Arkansas5AR Code §18-14-403
California7Bus. & Prof. §11024
Colorado5CRS §6-1-702
Connecticut3CGS §42-103bb
Florida10FL Stat. §721.10
Georgia7OCGA §44-3-174
Hawaii7HRS §514E-10.5
Idaho5ID Code §55-2107
Illinois5765 ILCS 101/5-40
Indiana3IC 32-32-2-12
Louisiana5LA RS 9:1131.8
Maine1033 MRSA §596
Maryland10MD Real Prop. §11A-112
Massachusetts5MGL c.183B §38
Michigan9MCL §559.310
Minnesota5MN Stat. §83.30
Mississippi5MS Code §89-21-37
Missouri5RSMo §407.630
Montana5MCA §37-53-302
Nebraska5NRS §76-1716
Nevada5NRS §119A.410
New Hampshire5RSA §356-B:49
New Jersey7NJSA §45:15-16.34
New York5GBL §396-z
North Carolina5NCGS §93A-45
Ohio5ORC §5203.03
Oregon5ORS §94.836
Pennsylvania768 Pa. CS §7305
South Carolina5SC Code §27-32-40
Tennessee15TCA §66-32-115
Texas6TX Prop. Code §221.041
Utah5UC §57-19-12
Vermont532 VSA §1244
Virginia3VA Code §55.1-2219
Washington7RCW §64.36.150
West Virginia10WVC §36-9-5
Wisconsin5WI Stat. §707.39

How to Count the Days

Count from the date you SIGNED the purchase agreement (not the presentation date). Most states count calendar days, not business days. If the last day falls on a Sunday or holiday, the deadline extends to the next business day in most jurisdictions. When in doubt, send the cancellation letter immediately. Do not wait until the last day.

Past the rescission period? Timeshare Consulting & Services Inc. handles exits at any stage. Free consultation: (888) 530-7268.


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