What is the rescission period for new Timeshare purchases?

The rescission period for new timeshare purchases is 10 calendar days. This regulation is designed to protect consumers by allowing them a designated timeframe to reconsider their purchase decision. During this period, buyers can cancel their contract and receive a full refund without any penalties.

This 10-day window is significant because it provides sufficient time for potential owners to review the terms of their purchase, ensuring they are fully informed and comfortable with their commitment. It reflects consumer protection laws aimed at promoting fairness in the timeshare industry, thereby reducing the risk of buyer's remorse and encouraging responsible selling practices.