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If you live in the state of Mississippi 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 may be able to help timeshare property owners legally cancel their timeshare properties once and for all.
Mississippi Timeshare Laws
Timeshare laws for the state of Mississippi can be found within the Mississippi Real Estate Commission rules and regulations starting at Part 1601, Chapter 8. The laws related to advertising can be found at Part 1601, Chapter 8, Rule 8.11, and the laws related to timeshare developer escrow requirements can be found at Part 1601, Chapter 8, Rule 8.9. These sections of the law outline the rules that timeshare property developers must follow or face potential legal liability.
In the state of Mississippi, timeshare developers are required to make specific disclosures in the form of a public offering statement when offering timeshare properties for sale to buyers. A public offering statement is required to contain important information about the timeshare, including:
- Name and address of timeshare developer
- A general description of the timeshare property
- Annual budget and fees
- A description of any financing offered by the timeshare developer
The laws that detail all of the disclosure requirements for Mississippi timeshare developers can be found at Part 1601, Chapter 8, Rule 8.4.
Rescission Period
In the state of Mississippi, 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 Mississippi timeshare law can be found in the Mississippi Real Estate Commission rules and regulations at Part 1601, Chapter 8, Rule 8.7. If you have any questions about Mississippi 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 Mississippi Timeshare Owners
1. Are there laws in Vermont that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Not specifically, since Vermont does not directly address timeshare sales laws, you will have to find the specific areas of law that may apply to you. If you feel you have been the victim of misrepresentation or a high-pressure sales tactic during a timeshare sale, then it is important to speak to an experienced Vermont attorney who can best help guide you.
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 return to the timeshare developer if you stop paying your maintenance fees, most timeshare agreements allow timeshare developers 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. Vermont timeshare foreclosure law and procedure be found starting at Title 12, Chapter 172 of the Vermont Statutes which describes the procedures for foreclosure 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 Vermont law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of property interests. The law on disclaimers of property interests in Vermont can be found at the Uniform Disclaimer of Property Interests Act which is found within the Vermont Statutes starting at Title 14, Chapter 83. 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 interests. 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 Vermont legislature that can help timeshare owners in the future?
Answer: No, not at the current time.
About Us
Our team of professionals is standing by to help you start the process of getting rid of your Mississippi timeshare. In Mississippi, 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 a Mississippi 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.
