If you own a timeshare in the state of Arkansas that you need to cancel, then we are here to help you now. Our team is both experienced and ready to help timeshare owners like you connect with reputable timeshare exit solution providers across the nation to help timeshare owners cancel their timeshares.
Arkansas Timeshare Laws
The state of Arkansas’s timeshare laws can be found in the Arkansas Code at Title 18, Subtitle 2, Chapter 14, which is known as the Arkansas Time-Share Act. Public offerings are governed by Title 18, Subtitle 2, Chapter 14, Sub. Chapter 404, and timeshare cancellation laws can be found at Title 18, Subtitle 2, Chapter 14, Sub. Chapter 409. The laws you will find within these sections not only inform you of your rights as a timeshare buyer; they are also designed to protect you as a consumer from the unethical sales tactics that timeshare sellers unfortunately use.
In the state of Arkansas, the law requires a timeshare developer to provide the timeshare purchaser with a copy of the public offering statement before the timeshare ownership interest transfers and no later than the date on the purchase contract. A public offering statement requires the developer to make a number of disclosures of important information related to the timeshare, they include:
- A description of the timeshare and plan
- The developers full name and address
- A description of the timeshare accommodations
- Any fees
- Information about your right to cancel the purchase contract
Note: In the state of Arkansas, you have five days to rescind a timeshare purchase contract. You may also be able to rescind your purchase contract up until you receive the public offering statement. Arkansas Code at Title 18, Subtitle 2, Chapter 14, Sub. Chapter 409. If you have any questions relating to timeshare law, then you should seek the advice of an experienced attorney. We can help connect you to a reputable attorney. Give us a call at 833-416-8796 or fill out a form on the right side of the page.
Frequently Asked Questions from Arkansas Timeshare Owners
1. Are there laws in Arkansas that protect consumers like me from misrepresentation and high-pressure sales tactics that often occur during timeshare sales?
Answer: Yes, Arkansas law prohibits timeshare sellers from misrepresenting a number of things, including the location, size, characteristics, or services associated with a timeshare. Timeshare sellers are also prohibited from misrepresenting the buyer’s right to cancel along with any other rights and privileges provided by law. Arkansas timeshare purchasers are protected under the Arkansas Time-Share Act’s “Protection of Purchasers” section at Title 18, Subtitle 2, Chapter 14, Sub. Chapter 4.
2. What types of financial harm can I face as a timeshare owner if I simply stopped paying my timeshare maintenance fees?
Answer: Multiple types, while it is possible that the ownership of a timeshare can just revert to the timeshare company if you stop paying your maintenance fees, most timeshare agreements allow timeshare companies to come after you in court which would likely result in a money judgement against you. This can damage your credit and can result in garnishment.
3. Will my heirs be responsible for my timeshare when I die?
Answer: Yes, as an heir you most likely will be fully responsible for any timeshare that is inherited. Under Arkansas law, however, you may able to renounce ownership of the timeshare by filing a “disclaimer.” The law on disclaimers can be found at Title 28, Subtitle 1, Chapter 2, Sub. Chapter 2 of the Arkansas Code. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file a disclaimer. We can help you find that attorney, call 833-416-8796 or fill out a form on the right side of the page.
4. Are there any laws pending in the Arkansas legislature that can help timeshare owners in the future?
Answer: No, not at this time.
Call Timeshare Exit Companies Today
Our team of professionals is standing by to help you start the process of getting rid of your Arkansas timeshare. In Arkansas, our team’s network of timeshare exit solution providers have helped countless timeshare owners cancel their timeshare contracts legally and permanently without harming the timeshare owner’s credit. At Timeshare Exit Companies, we lean on our past experience to help you achieve future success. We help you discover the best timeshare exit companies that can help you get rid of your timeshare once and for all.
Disclaimer: This page is for informational purposes only. Timeshare Exit Companies does not provide legal services, and none of the information provided in this article should be considered legal advice.