If you live in South Carolina and own a timeshare property that you no longer want and would like to have cancelled, then our team is standing by. We help timeshare owners connect with reputable timeshare exit solution providers who try to help timeshare owners legally cancel their unwanted timeshares.
South Carolina Timeshare Laws
Timeshare laws for the state of South Carolina can be found within the South Carolina Code of Laws starting at Title 27, Chapter 32. This section governs South Carolina “Vacation Time Sharing Plans.” The laws in this act that are related to vacation time sharing resales can be found at Title 27, Chapter 32, Sec. 27-32-55, while the laws relating to escrow accounts can be found at Title 27, Chapter 32, Sec. 27-32-90. The rules within these and other sections regulating timeshares 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 South Carolina, timeshare sellers are required to give a timeshare purchaser a public offering statement. A public offering statement contains important disclosures relating to the timeshare property that is being offered for sale, including:
- The name and address of the seller
- A brief description of what’s being offered for sale
- The nature and duration of the agreement relating to management
- A statement that says the salespersons represent the seller and not the purchaser
The laws that describe all of the mandatory disclosures that need to be made to timeshare property buyers can be found at Title 27, Chapter 32, Sec. 27-32-100 of the South Carolina Code of Laws.
In the state of South Carolina, you have five days to rescind a timeshare purchase from the date of the execution of the purchase contract and receipt of the public offering statement, whichever is later, not including Sunday. South Carolina timeshare cancellation law also provides that you are able to cancel a timeshare contract at any time if the timeshare is no longer available as described and the company cannot provide an acceptable alternative. This South Carolina timeshare law can be found in the South Carolina Code of Laws at Title 27, Chapter 32, Sec. 27-32-40. If you have any questions about South Carolina 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 South Carolina Timeshare Owners
1. Are there laws in South Carolina that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, South Carolina timeshare law lists prohibited practices under Title 27, Chapter 32, Sec. 27-32-110. This section lists a variety of illegal and deceptive practices that sellers are not allowed to engage in. It is also against the law to misrepresent the right to cancel a timeshare contract as stated in Title 27, Chapter 32, Sec. 27-32-70. Other areas of law may also apply to your situation. To best understand what legal causes of action you may have, it is recommended to seek the advice of an experienced attorney.
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 business if you stop paying your maintenance fees, most timeshare contracts 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 hurt your credit and can result in garnishment. South Carolina timeshare foreclosures operate under a specific foreclosure section of the South Carolina Code of Laws starting at Title 27, Chapter 32, Sec. 27-32-300.
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 South Carolina law, however, you may able to give up ownership of a timeshare by filing for a disclaimer. The law on disclaimers in South Carolina can be found at the intestate succession and wills section describing disclaimers within the South Carolina Code of Laws starting at Title 62, Article 2, Sec. 62-2-801. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for a disclaimer in South Carolina. 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 South Carolina 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 South Carolina timeshare. In South Carolina, 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.