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In Florida, for example, where almost 25% of U.S. timeshares are situated, it is 10 days, and cash should be refunded back to the consumer within 20 days after getting a cancellation notice. In addition, if you do buy a timeshare, know that some states have more powerful rights of rescission than others, and timeshare companies are aware which are weaker.
If you opt out, the FTC advises you send out a letter via licensed mail or hand-delivered with a signed invoice. In addition, be sure to keep records of any correspondence and who you talked with, the FTC states. If you wish to trade to another resort, you have to understand how to do so. https://diigo.com/0j0ig6 |
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