If you live in the state of Maryland and you are the owner of a timeshare property that you would like to cancel, then we are standing by to help you. Our company helps timeshare property owners connect with reputable timeshare exit solution providers who can help timeshare property owners cancel their timeshares.
Maryland Timeshare Laws
Timeshare laws for the state of Maryland can be found within the Real Property section of the Maryland Code starting at Title 11A, also known as the Maryland Real Estate Time-Sharing Act. The laws related to timeshare advertising can be found at Title 11A, Sec. 119, and the laws related to warranties can be found at Title 11A, Sec. 117. The laws you will find within these sections of the timeshare act outlines the rules that timeshare developers are required to follow, or possibly face legal liability.
In the state of Maryland, timeshare developers are required by law to provide timeshare buyers with a public offering statement. A public offering statement includes important information about the timeshare, including:
- The name and location of the timeshare project
- A description of the timeshare plan
- A general description of the timeshare units
- Actual and projected fees
The laws that explain all of the disclosure requirements for Maryland timeshare developers can be found at Title 11A, Sec. 112.
In the state of Maryland, you have ten 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 Maryland timeshare law can be found in the Maryland Code at Title 11A, Sec. 114. If you have any questions about Maryland 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 Maryland Timeshare Owners
1. Are there laws in Maryland that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Maryland 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. Maryland timeshare purchasers are protected under the regulations of timeshare advertising section of the Maryland Code at Title 11A, Sec. 119. Remedies for violations of these sections can be found at Title 11A, Sec. 125.
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 place liens and to foreclose the timeshare in court which would likely result in a money judgment against you. Not paying fees or other money owed can damage your credit and can result in the garnishment. Maryland timeshare foreclosure law operates under regular Maryland foreclosure law and the procedure can be found at Title 14, Sec. 204 regarding the enforcement and foreclosure of liens and Title 14, Sec. 307 regarding judicial sales.
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 Maryland law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of property. The law on disclaimers in Maryland can be found within the Uniform Disclaimer of Property Interests Act at Title 9, Sub. 2 of the Maryland Code; Estates and Trusts section. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for a disclaimer 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 Maryland 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 Maryland timeshare. In Maryland, 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.