Vermont Timeshare Cancellation Laws
The Right of Rescission in Vermont
Under § 2454, a purchaser has the right to cancel a timeshare contract up to three business days after the contract is signed. The sell must include the right to cancel in a disclosure statement within the contact. A notice of timeshare cancellation can be given to the seller either in person of through mail. Reimbursement must be paid to the purchaser within 10 days of the notice.
Timeshare Foreclosure in Vermont
Under Vermont § 4936 a seller or managing entity holds the right to foreclose upon a mortgage or delinquent lien. In addition to judicial and non-judicial foreclosure, Vermont also has a strict foreclosure law which essentially states that the seller owns the rights to the property until the purchaser has paid the mortgage in full. If the purchaser is to violate the terms of the mortgage, the seller holds the right to file a suit against the purchaser.
WERE YOU MISLED BY YOUR TIMESHARE DEVELOPER?
• Developer Misrepresentation
• Unethical Sales Practices
• High-Pressure Sales Tactics
• No Reservation Dates Available
Developer misrepresentation is not uncommon. We can help you terminate your timeshare contract if you legitimately feel as though you were taken advantage of by your timeshare developer.