If you live in Oregon and you own a timeshare property that you would really like to cancel, then our team is standing by to help. We help timeshare property owners find and connect with reputable timeshare exit solution providers who look to help timeshare property owners cancel their unwanted timeshare properties.
Oregon Timeshare Laws
Timeshare laws for the state of Oregon can be found within the Oregon Revised Statutes starting at Volume 03, Chapter 94, Sec. 94.803. This lengthy section has numerous protections for timeshare property purchasers. The laws in this section that are related to the application to create timeshare estates can be found at Volume 03, Chapter 94, Sec. 94.807, while the laws relating to the powers and duties of an owners’ association can be found at Volume 03, Chapter 94, Sec. 94.858. The rules within the Oregon timeshare estates sections are designed to protect consumers and can result in legal liability for developers if they don’t follow the rules listed.
In the state of Oregon, the sale of a timeshare estate is not allowed before the issuance of a public report, unless the public report has been waived. The Real Estate Commissioner may examine a timeshare offered for sale and make a public report of the findings. If a timeshare plan is located within the state of Oregon and no report is made within 45 days after a completed timeshare plan filing is received by the Commissioner, then the public report is considered waived. This rule can be found at Volume 03, Chapter 94, Sec. 94.828 of the Oregon Revised Statutes. The public report is required to be given to a prospective timeshare purchaser as stated in Volume 03, Chapter 94, Sec. 94.829 before a sale is completed.
In the state of Oregon, you have five days to rescind a timeshare purchase from the date of the execution of the purchase contract. This Oregon timeshare law can be found in the Oregon Revised Statutes at Volume 03, Chapter 94, Sec. 94.836. If you have any questions about Oregon 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 Oregon Timeshare Owners
1. Are there laws in Oregon that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Oregon timeshare law prohibits false practices in connection with the sale or lease of an interest in a timeshare plan as found at Volume 03, Chapter 94, Sec. 94.940. This section makes it unlawful to make untrue or fraudulent statements and can even make the failure to disclose a statement unlawful. Advertisements and promotions are required to broadcast truthful information regarding timeshare properties offered for sale as stated at Volume 03, Chapter 94, Sec. 94.945 of the Oregon Revised Statutes.
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. Laws related to expense fees and foreclosure related to common expenses can be found at Volume 03, Chapter 94, Sec. 94.856 of the Oregon Revised Statutes. Oregon timeshare foreclosure law and procedure operates under regular state law and can be found starting at Volume 02, Chapter 88 of the Oregon Revised 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 Oregon law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of interest in property. The law on disclaimers in Oregon can be found at the uniform disclaimer of property interests section within the Oregon Revised Statutes starting at Volume 03, Chapter 105, Sec. 105.623. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for a disclaimer of interest in property. 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 Oregon 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 Oregon timeshare. In Oregon, 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.