If you are a resident of the state of Nebraska and you are the owner of a timeshare property that you would like to cancel, then our team is standing by to help you. We connect timeshare property owners with reputable timeshare exit solution providers who work towards helping people cancel their unwanted timeshare properties.
Nebraska Timeshare Laws
Timeshare laws for the state of Nebraska can be found within the Nebraska Revised Statutes starting at Chapter 76, Section 1701. This section is known as the Nebraska Time-Share Act. The laws related to timeshare instruments can be found at Chapter 76, Section 1707, and the laws related to escrow of deposits can be found at Chapter 76, Section 1715. The laws that can be found within the Nebraska Time-Share Act outline the rules that timeshare developers are required to follow or face the potential of legal liability.
In the state of Nebraska, timeshare developers are required to give a timeshare property buyer a public offering statement. A public offering statement is a document that contains important disclosures about a timeshare property, and is required to include:
- Name and address of the developer, also including the timeshare intervals
- A brief description of the project
- A description of any liens, defects, or encumbrances on the property
- Any current or expected fees
The laws that lay out all of the required disclosures that timeshare developers are expected to make in a public offering statement can be found at Chapter 76, Section 1713 of the Nebraska Revised Statutes.
In the state of Nebraska, you have three business days to rescind a timeshare purchase from when you receive the public offering statement. This Nebraska timeshare law can be found in the Nebraska Revised Statutes at Chapter 76, Section 1716. If you have any questions about Nebraska 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 Nebraska Timeshare Owners
1. Are there laws in Nebraska that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Not specifically, Nebraska 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 might 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, Nebraska 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. Nebraska timeshare foreclosure is governed by regular mortgage foreclosure laws found at Chapter 76, Section 1903 of the Nebraska Revised Statutes, and timeshare developers foreclosure rights can be found at Chapter 76, Section 1740.
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 Nebraska law, however, you may able to give up ownership of a timeshare by filing a renunciation of succession. The law on renunciations in Nebraska can be found within the Nebraska Revised Statutes at Chapter 30, Section 2352. To learn about your eligibility to file for a renunciation of succession, 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 Nebraska 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 Nebraska timeshare. In Nebraska, 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.