If you live in the state of Missouri and own a timeshare that you need to cancel, then we are standing by to assist you. Our team connects timeshare owners with reputable timeshare exit solution providers who may be able to help timeshare owners cancel their timeshares.
Missouri Timeshare Laws
Timeshare laws for the state of Missouri are located within the Missouri Revised Statutes starting at Title XXVI, Chapter 407, Sec. 407.600. The laws related to promotions can be found at Title XXVI, Chapter 407, Sec. 407.610, and the laws concerning exchange programs can be found at Title XXVI, Chapter 407, Sec. 407.625. The laws that exist within these sections lays out the rules that timeshare developers must follow or face potential legal liability.
In the state of Missouri, timeshare sellers are required to make a number of disclosures when offering a promotion program. Each promotional program is expected to reveal important information about the promotion, including:
- A statement that the promotion is being used for the purpose of soliciting timeshare sales
- The date in which whatever award or prize will be awarded
- The odds of winning
- The manufacturer’s suggested retail price of prize items
The laws that detail all of the disclosure requirements for Missouri timeshare promotion programs can be found at Title XXVI, Chapter 407, Sec. 407.610.
In the state of Missouri, you have five days to rescind a timeshare purchase from the date of the purchase contract. This Missouri timeshare law can be found in the Missouri Revised Statutes at Title XXVI, Chapter 407, Sec. 407.620. If you have any questions about Missouri 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 213-282-5595 or fill out a form on the right side of the page.
Frequently Asked Questions from Missouri Timeshare Owners
1. Are there laws in Missouri that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Missouri timeshare law prohibits timeshare sellers from false or deceptive practices regarding a timeshare. The law also forbids a seller from failing to award promised gifts and prizes. Missouri timeshare property purchasers are protected under the timeshare law section of the Missouri Revised Statutes at Title XXVI, Chapter 407, Sec. 407.610. This section lays out all of the legal responsibilities that timeshare sellers have when advertising or marketing 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 will just return 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. Missouri timeshare foreclosure law and procedure operates under regular Missouri state law and can be found starting at Title XXIX, Chapter 443 of the Missouri Revised Statutes.
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 Missouri law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of property. The law on disclaimers in Missouri can be found within the ‘Disclaimer of Property’ chapter of the Missouri Revised Statutes starting at Title XXXI, Chapter 469. 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 (213) 282-5595 or fill out a form on the right side of the page.
4. Are there any laws pending in the Missouri 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 Missouri timeshare. In Missouri, 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 (213) 282-5595 or contact us online so we can help connect you with a Missouri 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.