If you are a resident of the state of Louisiana and you own a timeshare that you need to cancel, then we are standing by to help you. Our team helps timeshare owners connect with reputable timeshare exit solution providers who can help timeshare owners’ cancel their timeshares.
Louisiana Timeshare Laws
Timeshare laws for the state of Louisiana can found within the Louisiana Revised Statutes starting at Title 9, Section 1131.1. The laws related to misrepresentation can be found at Title 9, Section 1131.12, and the laws related to the creation of a Louisiana timeshare plan can be found at Title 9, Section 1131.4. The laws you will find within these sections lay out rules that timeshare developers must follow, or potentially face legal liability.
In the state of Louisiana, timeshare developers are required to make certain disclosures to timeshare buyers in the form of a public offering statement. A public offering statement is required to include important information regarding the timeshare, including:
- The name and address of the developer
- A general description of the timeshare being offered
- The current annual budget
- Any projected expenses
The laws that explain all of the disclosure requirements for Louisiana Timeshare Developers can be found at Title 9, Section 1131.9.2.
In the state of Louisiana, you have seven calendar days to rescind a timeshare purchase from either the date of the purchase contract or receipt of the public offering statement, whichever is later. This Louisiana timeshare law can be found in the Louisiana Revised Statutes at Title 9, Section 1131.13. If you have any questions about Louisiana timeshare law, then you should seek the advice of an experienced timeshare 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 Louisiana Timeshare Owners
1. Are there laws in Louisiana that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Louisiana timeshare law prohibits timeshare sellers from deceptive or unfair acts or practices regarding a timeshare. The law also forbids a developer from misrepresenting or failing to disclose any material fact regarding a timeshare. Louisiana timeshare purchasers are protected under the regulations of timeshare advertising section of the Louisiana Revised Statutes at Title 9, Section 1131.12. This section lays out all of the legal responsibilities that timeshare developers have when advertising the sale of their timeshare properties.
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. Louisiana timeshare foreclosure law and procedure can be found at Title 9, Section 1131.22.
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 Louisiana law, however, you may able to give up ownership of a timeshare by filing for a renunciation of property. The law on renunciation in Louisiana can be found within the Civil Code of the Louisiana Laws at Article 1742. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for a renunciation of property. 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 Louisiana legislature that can help timeshare owners in the future?
Answer: No, not at the current time.
Our team of professionals is standing by to help you start the process of getting rid of your Louisiana timeshare. In Louisiana, 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.