If you live in the state of Maine and you are the owner of a timeshare property that you are looking to cancel, then our team is available to help you. Our company assists timeshare property owners by connecting them with reputable timeshare exit solution providers who can help owners cancel their timeshare properties.
Maine Timeshare Laws
Timeshare laws for the state of Maine can be located within the Maine Revised Statutes starting at Title 33, Chapter 10-A. The laws related to the requirements of timeshares can be found at Title 33, Chapter 10-A, Sec. 592, and the laws related to the taxation of timeshares can be found at Title 33, Chapter 10-A, Sec. 593. The laws you will find within these sections mostly lay out contract law and financial requirements connected with Maine timeshare law. Other areas like misrepresentation are not directly covered within Maine timeshare laws.
In the state of Maine, timeshare developers are required to make specific disclosures when selling a timeshare property for the first time. The specific disclosures required include:
- The name and address of the developer
- A recommendation to seek an attorney’s advice before moving forward
- Your rights to cancel the purchase contract
- A general description of the units
The laws that explain all of the specific disclosures that Maine timeshare developers are required to make can be found at Title 33, Chapter 10-A, Sec. 592.
In the state of Maine, you have ten calendar days to rescind a timeshare purchase from either the date of the purchase contract or receipt of a current written statement, whichever is later. This Maine timeshare law can be found in the Maine Revised Statutes at Title 33, Chapter 10-A, Sec. 592. If you have any questions about Maine 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 Maine Timeshare Owners
1. Are there laws in Maine that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Not specifically, most Maine timeshare laws are more specific to contract law and financial requirements. If you feel you have been the victim of misrepresentation or unethical sales tactics, then you should speak to an attorney who can best assess your situation.
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, Maine timeshare companies can 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. Maine timeshare foreclosure laws can be found within the Maine Revised Statutes at Title 33, Chapter 10-A, Sec. 595.
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 Maine law, however, you may able to give up ownership of a timeshare by filing a disclaimer of property. The law on disclaimers in Maine can be found within the Uniform Disclaimer of Property Interests Act of the Maine Revised Statutes at Title 18-C, Article 2, Part 9. 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 Maine 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 Maine timeshare. In Maine, 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.