If you own a timeshare in the state of Colorado that you need to cancel, then our team stands ready to help you. Our team connects timeshare owners like you with reputable timeshare exit solution providers across the United States to help timeshare owners cancel their timeshares.
Colorado Timeshare Laws
Colorado timeshare laws can be found in the Colorado Revised Statutes starting at C.R.S. 38-33-110. The laws related to deceptive practices can be found a C.R.S. 6-1-703, and the laws related to timeshare cancellation can be found at C.R.S. 12-10-505. The laws you will find within these sections show the rules that timeshare sellers must follow. If these rules are broken, timeshare owners may have a case to get rid of their timeshare.
Special provisions regarding timeshare ownership in the state of Colorado are found at C.R.S. 38-33-111, and they include laws relating to:
- Timeshare unit creation
- Timeshare owner liabilities
- Division of insurance proceeds
- Standing to bring partition lawsuits
In the state of Colorado, you have five days to rescind a timeshare purchase contract. Colorado Revised Stat. Section 6-1-703.
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 or exit company. Give us a call at 833-416-8796 or fill out a form on the right side of the page for more information.
Frequently Asked Questions from Colorado Timeshare Owners
1. Are there laws in Colorado that protect consumers like me from misrepresentation and high-pressure sales tactics that often occur during timeshare sales?
Answer: Yes, Colorado 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. Colorado timeshare purchasers are protected under the Deceptive Trade Practices section of the Colorado Revised Statutes at C.R.S. 6-1-703.
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. C.R.S. 38-33.3-316.5.
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 Colorado law, however, you may able to renounce ownership of the timeshare by filing a “disclaimer.” The law on disclaimers can be found at C.R.S. 15-11-1206 of the Colorado Revised Statutes. 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 Colorado legislature that can help timeshare owners in the future?
Answer: No, not at this time.
Our team of professionals is standing by to help you start the process of getting rid of your Colorado timeshare. In Colorado, 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.