If you own a timeshare property that is located in the state of Indiana that you would like to cancel, then we are here for you now. Our company helps timeshare owners find reputable timeshare exit solution providers who help people legally cancel their timeshare properties.
Indiana Timeshare Laws
Timeshare laws for the state of Indiana can be found within the Indiana Code at Title 32, Article 32 which actually covers both timeshares and camping clubs. The laws related to the investigation and prosecution of complaints can be found at Title 32, Article 32, Chapter 3-13, and the laws on timeshare penalties and remedies for deceptive acts can be found at Title 32, Article 32, Chapter 3-14. The laws listed in these sections outline Indiana timeshare law as it applies to timeshare developers and sellers. If timeshare developers fail to follow the requirements listed, they could potentially face legal liability.
In the state of Indiana, timeshare project developers are required to give timeshare property buyers a set of written disclosures in the form of a timeshare membership agreement. These disclosures share important information related to the timeshare property that is being purchased. Some of the disclosures that a timeshare project developer is required to make to a purchaser include:
- A legal description of the timeshare project
- A complete and accurate description of the purchase terms and conditions
- Provisions for the assessment of expenses
- Provisions for management of the timeshare project
The laws that explain the requirements for a timeshare membership agreement can be found at Title 32, Article 32, Chapter 3-5.
Rescission Period
In the state of Indiana, you have 72 hours to rescind a timeshare purchase not including Sundays or holidays. This Indiana timeshare law can be found in the Indiana Code at Title 32, Article 32, Chapter 3-7. If you have any questions about Indiana timeshare law, then you should seek the advice of an experienced timeshare attorney. We can help connect you to 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 Indiana Timeshare Owners
1. Are there laws in Indiana that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Indiana law prohibits timeshare sellers from deceptive consumer sales regarding a timeshare. The law also forbids a developer from unfair, abusive, misleading acts associated with the sale of a timeshare. Indiana timeshare purchasers are protected under the deceptive acts section of the Indiana Code Title 32, Chapter 32, Chapter 3-14. The law in this section directs you to the deceptive consumer sales section of the Indiana Code Title 24, Article 5, Chapter 0.5 for further information about potential liability for deceptive sales tactics.
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. Not paying fees or other money owed can damage your credit and can result in garnishment. Indiana timeshare foreclosure operates under regular Indiana foreclosure laws and can be found within the Indiana Code at Title 32, Article 29, Chapter 7.
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 Indiana law, however, you may able to give up ownership of a timeshare by filing a disclaimer of property. The law on disclaimers in Indiana can be found within the Uniform Disclaimer of Property Act at Title 32, Article 17.5 of the Indiana Code. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for 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 Indiana legislature that can help timeshare owners in the future?
Answer: Not at the current time. The Indiana Real Estate Commission enforces timeshare law in Indiana, and their website can be found here.
About Us
Our team of professionals is standing by to help you start the process of getting rid of your Indiana timeshare. In Indiana, 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.
Call us today at 833-416-8796 or contact us online so we can help connect you with an Indiana timeshare exit solution provider who may be able to help you legally cancel your timeshare.
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.