If you are a Montana resident and own a timeshare property that you would like to cancel, then our team is ready to help you. Our company helps connect timeshare owners with reputable timeshare exit solution providers who work to help timeshare owners to potentially cancel their unwanted timeshares.
Montana Timeshare Laws
Timeshare laws for the state of Montana are found within the Montana Code starting at Title 37, Chapter 53. The laws related to timeshare registration can be found at Title 37, Chapter 53, Part 2, and the laws related to the duties of timeshare salespersons can be found at Title 37, Chapter 53-301. These sections of Montana timeshare law outline the rules that developers are expected to follow or face possible legal liability.
In the state of Montana, timeshare developers are required to make certain disclosures about a timeshare property that is offered for sale. The document that contains all of these disclosures is called a public offering statement. Important information that is required to be disclosed in a public offering statement include:
- The name and address of the developer
- The maximum number of units that may become timeshares
- A detailed list of current and projected expenses
- A statement in boldface on the cover page describing cancellation rights
The full list of disclosure requirements that must be on a public offering statement for a Montana timeshare can be found at Title 37, Chapter 53-303.
In the state of Montana, you have seven 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 Montana timeshare law can be found in the Montana Code at Title 37, Chapter 53-304. If you have any questions about Montana 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 Montana Timeshare Owners
1. Are there laws in Montana that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Montana timeshare law prohibits timeshare sellers from false or misleading statements of any material fact regarding a timeshare. The law also forbids a developer from failing to disclose any material fact regarding a timeshare. Montana timeshare property purchasers are protected under the illegal practices section of the Montana timeshare laws at Title 37, Chapter 53-307 and the good faith requirement of developers section at Title 37, Chapter 53-306. These sections lay out the legal responsibilities that timeshare developers 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 can 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. Montana timeshare foreclosure law and procedure operates under regular state law and can be found at Title 71, Chapter 1, Part 2 of the Montana Code.
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 Montana law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of property. The law on disclaimers in Montana can be found within the general provisions concerning probate and non-probate transfers within the Montana Code starting at Title 72, Chapter 2, Part 8. There are multiple types of disclaimers under Montana law. 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 Montana legislature that can help timeshare owners in the future?
Answer: No, not at the current time. The last major modification of Montana timeshare law took place in 2009.
Our team of professionals is standing by to help you start the process of getting rid of your Montana timeshare. In Montana, 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 Montana 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.