If you live in the state of Massachusetts and you are the owner of a timeshare property that you would like to cancel, then our team is ready to help you. Our company connects owners of timeshare properties with reputable timeshare exit solution providers who work towards helping people cancel their unwanted timeshares.
Massachusetts Timeshare Laws
Timeshare laws for the state of Massachusetts can be found within the Massachusetts General Laws starting at Part II, Title I, Chapter 183B. The laws related to the creation of Massachusetts timeshares can be found at Part II, Title I, Chapter 183B, Sec. 12, and the laws related to express warranties can be found at Part II, Title I, Chapter 183B, Sec. 45. The laws that exist within these sections outline the rules that timeshare developers must follow or face the possibility of legal liability.
In the state of Massachusetts, timeshare developers are required to furnish a timeshare property buyer with a public offering statement. A public offering statement is supposed to contain important information that a timeshare developer must disclose to a timeshare buyer, and should include:
- A general description of the timeshare property and the timeshare units
- The name and address of the developer
- A current balance sheet and projected budget for the association
- A statement of any fees or reserves
The laws that outline all of the required disclosures expected to be included in a public offering statement by Massachusetts timeshare developers can be found at Part II, Title I, Chapter 183B, Sec. 38.
In the state of Massachusetts, you have three business days to rescind a timeshare purchase from when you receive the public offering statement unless you receive the public offering statement more than three days before the date you sign the purchase contract. This Massachusetts timeshare law can be found in the Massachusetts General Laws at Part II, Title I, Chapter 183B, Sec. 41. If you have any questions about Massachusetts 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 Massachusetts Timeshare Owners
1. Are there laws in Massachusetts that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Not specifically, Massachusetts timeshare law mainly focuses on contractual duties of a developer. There are not many specific protections for timeshare buyers relating to misrepresentation, but there may be other sections of law that could help you. 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, Massachusetts 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. Massachusetts timeshare foreclosure is governed by specific timeshare property foreclosure rules found at Part II, Title I, Chapter 183B, Sec. 29a, and Part II, Title I, Chapter 183B, Sec. 29b.
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 Massachusetts law, however, you may able to give up ownership of a timeshare by filing a disclaimer of property. The law on disclaimers in Massachusetts can be found within the Massachusetts General Laws at Part II, Title II, Chapter 190B, Art. II, Sec. 2-801. To learn about your eligibility to file for a disclaimer, it is best to speak to an experienced and qualified attorney. 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 Massachusetts 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 Massachusetts timeshare. In Massachusetts, 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.