If you own a timeshare in the state of Idaho that you would like cancelled, then our team stands ready to help you. Our company specializes in introducing timeshare owners to reputable timeshare exit solution providers who help people get rid of their timeshares legally.
Idaho Timeshare Laws
Timeshare laws for the state of Idaho can be found within the Idaho Statutes at Title 55, Chapter 18. The laws related to fraudulent practices can be found at Title 55, Chapter 18, Sec. 1812. Title 55, Chapter 18, Sec. 1819A describes unfair practice under the Idaho Consumer Protection Act. You will find that the laws listed in these sections outline the legal requirements that timeshare developers have to follow. If timeshare developers fail to abide by these rules, they could potentially face legal liability. Under Idaho law, a violation of one of these sections can even be considered a criminal felony. Title 28, Chapter 18, Sec. 1823.
In the state of Idaho, timeshare developers are required by law to provide timeshare buyers with a public offering statement. A public offering statement is a document that discloses important information about the timeshare, and includes:
- A statement of the use of the property
- A general description of the land
- A listing of any encumbrances or liens
- Your right of rescission in bold type, in a prominent place
The laws that describe what is expected to be included in a public offering statement can be found at the Idaho Statutes at Title 55, Chapter 18, Sec. 1807.
In the state of Idaho, you have five days to rescind a timeshare purchase contract. This Idaho timeshare law can be found at Title 55, Chapter 18, Sec. 1804A. If you have any questions related to the laws relating to timeshares, then you should seek the advice of an experienced attorney. We can help you find that 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 Idaho Timeshare Owners
1. Are there laws in Idaho that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Idaho law prohibits timeshare sellers from specific fraudulent practices. This forbids a developer from misrepresenting any material fact associated with a timeshare. Timeshare sellers are also forbidden from making an untrue statement of a material fact relating to the sale of the timeshare. Idaho timeshare purchasers are protected under the fraudulent practices section of the Idaho Statutes. Title 55, Chapter 18, Sec. 1812. A violation of these rules can also be considered a criminal felony. Title 55, Chapter 18, Sec. 1823.
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 might be 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 foreclose the timeshare in court which would likely result in a money judgement against you. This can damage your credit and can result in garnishment. Idaho timeshare foreclosure law can be found within the Idaho Statutes at Title 45, Chapter 15, Sec. 1506.
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 Idaho law, however, you may able to renounce ownership of a timeshare by filing a renunciation of property. The law on renunciation in Idaho can be found at Title 15, Chapter 2, Sec. 801 of the Idaho Statutes. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for renunciation. 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 Idaho legislature that can help timeshare owners in the future?
Answer: The most current answer can be found online at the Idaho Real Estate Commission website.
Our team of professionals is standing by to help you start the process of getting rid of your Idaho timeshare. In Idaho, 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.