Virginia Timeshare Cancellation Laws
Timeshare Cancellation in Virginia
§ 55-376: Timeshare law in Virginia states that a purchaser may reserve the right to cancel a timeshare contract until midnight of the seventh calendar day following execution of the timeshare contract. If the seventh day is either a holiday or a Sunday, then the rescission period will be extended to the next legal day. The purchaser may hand deliver the notice to the developer at its principal office or at the project (resort), or by mailing the notice by certified United States mail, return receipt requested, to the developer or its agent designated in the contract.
Virginia Timeshare Resale Laws
Statute § 55-380.1 declares regulation for Virginia timeshare laws regarding reselling. These contracts must be executed completely and lawfully in ordinance with this code, whether a resale is conducted through a resale company or through a personal buyer.
Timeshare Sales and Gifts
§ 55-374.1: In Virginia, timeshare law dictates detailed guidelines for any sales presentation or offer which includes a gift, prize, or contest. If a prize is offered in exchange for attending a timeshare presentation, the gift must be provided to the attendee on the day of the presentation, whether they purchase or not. Before the potential buyer attends a presentation the value, odds to win, and conditions to claim the prize must be disclosed to said person.
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.
