If you are a resident of the state of Rhode Island and own a timeshare that you want to have cancelled, then our team is available to help. We link timeshare owners with reputable timeshare exit solution providers who use the court system to try to help people cancel their unwanted timeshares.
Rhode Island Timeshare Laws
Timeshare laws for the state of Rhode Island can be found within the Rhode Island General Laws starting at Title 34, Chapter 34-41. This section is known as the Rhode Island Real Estate Time-Share Act. The laws in this act that are related to timeshare instrument requirements can be found at Title 34, Chapter 34-41-2.02, while the laws relating to the resales of timeshares can be found at Title 34, Chapter 34-41-4.07. The state of Rhode Island has passed numerous protections for timeshare purchasers under the laws within the Rhode Island Time-Share Act. These laws are designed to protect consumers and can result in legal liability for timeshare sellers if they don’t follow the rules listed.
In the state of Rhode Island, timeshare developers are required to give prospective timeshare buyers a public offering statement. A Rhode Island public offering statement regarding a timeshare contains an extensive list of disclosures that are required to be made to the buyer of a timeshare, including:
- The name and address of the developer
- A general description of the timeshare property and units
- The identity of the managing entity
- Your cancellation rights
The laws that describe all of the mandatory disclosures that need to be made to timeshare property buyers can be found at Title 34, Chapter 34-41-4.03 of the Rhode Island General Laws.
In the state of Rhode Island, you have five days excluding Saturdays, Sundays and holidays to rescind a timeshare purchase from the date of the execution of the purchase contract or the day on which you received all required documents. This Rhode Island timeshare law can be found in the Rhode Island Time-Share Act at Title 34, Chapter 34-41-4.06. If you have any questions about Rhode Island 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 Rhode Island Timeshare Owners
1. Are there laws in Rhode Island that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Not specifically, Rhode Island timeshare law mainly covers the legality of contract terms and the inducement to contract. There are also express and implied warranties of quality that are required in Rhode Island timeshare sales, which can be found at Title 34, Chapter 34-41-4.11, and Title 34, Chapter 34-41-4.12. Promotions are regulated under Title 34, Chapter 34-41-4.16 of the Rhode Island Time-Share Act.
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. Timeshare liens in Rhode Island can be foreclosed pursuant to Title 34, Chapter 34-41-3.11 of the Rhode Island Time-Share Act. Rhode Island timeshare foreclosure law and procedure operates under regular state law and can be found starting at Title 34, Chapter 34-27 of the Rhode Island General Laws which describe 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 Rhode Island law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of certain property interests. The law on disclaimers in Rhode Island can be found at the disclaimer of certain property interests within the Rhode Island General Laws starting at Title 34, Chapter 34-5. 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 833-416-8796 or fill out a form on the right side of the page.
4. Are there any laws pending in the Rhode Island 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 Rhode Island timeshare. In Rhode Island, 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.