If you live in the state of North Dakota and you own a timeshare that you need to have cancelled, then our team is standing by to help. We link timeshare owners with reputable timeshare exit solution providers who use the legal system to try to help people cancel their unwanted timeshare properties.
North Dakota Timeshare Laws
Timeshare laws for the state of North Dakota can be found within the North Dakota Century Code starting at Title 43, Chapter 43-23.1. This section is known as the North Dakota Subdivided Lands Disposition Act. The laws in this act that are related to application for registration of timeshares can be found at Title 43, Chapter 43-23.1-06, while the laws relating to exemptions can be found at Title 43, Chapter 43-23.1-05. The rules within the North Dakota Subdivided Lands Disposition Act are designed to protect consumers and can result in legal liability for timeshare subdividers if they don’t follow the rules listed.
In the state of North Dakota, timeshare subdividers are required to give prospective purchasers a list of disclosures which is known as a public offering statement. These required disclosures include:
- The name and address of the subdivider
- A general description of the subdivided lands
- The significant terms of any encumbrances, easements, liens, or restrictions
- A statement of the use for which the property is offered
The laws that describe all of the mandatory disclosures that need to be made to timeshare property buyers can be found at Title 43, Chapter 43-23.1-07 of the North Dakota Century Code.
In the state of North Dakota, there is no specific law relating to timeshare cancellation. Your purchase contract, however, may have a cancellation right built in. If you have any questions about North Dakota 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 North Dakota Timeshare Owners
1. Are there laws in North Dakota that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, North Dakota law governs fraudulent practices at Title 43, Chapter 43-23.1-12 of the North Dakota Subdivided Lands Disposition Act. This section states that it is unlawful to knowingly make any false or misleading statements in connection with the sale of subdivided land. If you feel you have been misled by a timeshare seller, then it is important to speak to an experienced attorney right away.
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, 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. North Dakota foreclosure law can be found starting at Title 32, Chapter 32-19 of the North Dakota Century Code. Someone who has exhausted all of their possible remedies under the North Dakota Subdivided Lands Disposition Act can seek judicial review in other listed chapters of state law as stated at Title 43, Chapter 43-23.1-16.
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 North Dakota law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of a property interest. The law on disclaimers in North Dakota can be found in Disclaimer of Property Interests section within the North Dakota Uniform Probate Code starting at Title 30.1, Chapter 30.1-10.1. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for a disclaimer of a property interest. 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 North Dakota 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 North Dakota timeshare. In North Dakota, 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.