If you own a timeshare in the state of Delaware that needs cancellation, then our team stands ready to help you immediately. Our experienced team connects timeshare owners in your situation with reputable timeshare exit solution providers across America to help timeshare owners cancel their timeshares legally.
Delaware Timeshare Laws
The state of Delaware’s timeshare laws can be found within the Delaware Code Annotated at Title 6, Chapter 28. The laws related to unfair trade practices can be found at Title 6, Chapter 28, Sec. 2828, and the laws related to timeshare cancellation can be found at Title 6, Chapter 28, Sec. 2824. The laws you will find within these sections lay out the rules that timeshare developers and sellers must follow to legally sell their product.
In the state of Delaware, timeshare laws require timeshare developers to provide a disclosure statement to timeshare buyers before they sign a contract to purchase a timeshare. The required disclosure forces developers to disclose important information about the timeshare, including:
- A description of the timeshare
- The developers full name and address
- Locations of the timeshare’s accommodations
- Any fees for the timeshare or any related facilities
- Information about your right to cancel the purchase contract
The laws listing what is required to be on a timeshare disclosure statement in the state of Delaware can be found within the Delaware Code Annotated at Title 6, Chapter 28, Sec. 2823.
In the state of Delaware, you have five days to rescind a timeshare purchase contract. Delaware Code Annotated at Title 6, Chapter 28, Sec. 2824. 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 Delaware Timeshare Owners
1. Are there laws in Delaware that protect consumers like me from misrepresentation and high-pressure sales tactics that often occur during timeshare sales?
Answer: Yes, Delaware 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. Delaware timeshare purchasers are protected under the unfair trade practices section of Delaware timeshare law found within the Delaware Code Annotated at Title 6, Chapter 28, Sec. 2828.
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 as timeshares in Delaware are governed by foreclosure law at Delaware Code Annotated at Title 10, Chapter 49, Subchapter XI.
3. Will my heirs be responsible for my timeshare when I die?
Answer: Yes, heirs will most likely be fully responsible for any timeshare that is inherited. Under Delaware law, however, an heir may able to renounce ownership of the timeshare by filing a “disclaimer.” The law on disclaimers can be found at Title 12, Chapter 6 of the Delaware Code Annotated. 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 Delaware 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 Delaware timeshare. In Delaware, 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