If you live in the great state of Texas and you own a timeshare property that you no longer want and are interested in cancelling, then our team is available to help you. We help link timeshare owners with reputable timeshare exit solution providers who work towards helping timeshare property owners cancel their unwanted timeshares.
Texas Timeshare Laws
Timeshare laws for the state of Texas can be found within the Texas Statutes starting at Title 12, Chapter 221 of the state’s property code. This section is known as the Texas Timeshare Act. The laws in this act that are related to the creation of a timeshare regime can be found at Title 12, Chapter 221, Subchapter B, while the laws relating to exchange programs can be found at Title 12, Chapter 221, Subchapter F. The rules within the Texas Timeshare Act 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 Texas, timeshare developers are required to provide timeshare purchasers with a timeshare disclosure statement. A timeshare disclosure statement is a document that contains a number of important disclosures that are required to be made about the property being offered for sale, including:
- The type of timeshare plan offered for sale
- A description of the duration and operation of the timeshare being offered
- The name and address of the developer
- A statement indicating that there will be sufficient nights available to use the timeshare on a yearly basis
The laws that describe all of the mandatory disclosures that need to be made to timeshare property buyers in a timeshare disclosure statement can be found at Title 12, Chapter 221, Subchapter D, Sec. 221.032 of the Texas Statutes.
In the state of Texas, you have six days to rescind a timeshare purchase from the date of the execution of the purchase contract and receipt of the timeshare disclosure statement. This Texas timeshare law can be found in the Texas Timeshare Act at Title 12, Chapter 221, Subchapter E, Sec. 221.041. If you have any questions about Texas 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 213-282-5595 or fill out a form on the right side of the page.
Frequently Asked Questions from Texas Timeshare Owners
1. Are there laws in Texas that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Texas timeshare law outlaws deceptive trade practices by timeshare developers or anyone else connected with a timeshare sale under Title 12, Chapter 221, Subchapter H, Sec. 221.071 of the Texas Timeshare Act. This rule outlaws misrepresentation and other forms of dishonest sales tactics. If you feel you have been the victim of a seller’s misrepresentation in connection with the purchase of a timeshare, then it is important to speak to an experienced attorney immediately.
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. Texas timeshare foreclosure law and procedure operates under regular state law and can be found starting at Title 5, Subtitle B, Chapter 51 of the Texas 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 Texas law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of property interests. The law on disclaimers in Texas can be found at the Texas Uniform Disclaimer of Property Interests Act within the Texas Statutes starting at Title 13, Chapter 240. 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 interests. We can help you find that attorney, call (213) 282-5595 or fill out a form on the right side of the page.
4. Are there any laws pending in the Texas 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 Texas timeshare. In Texas, 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.
Call us today at (213) 282-5595 or contact us online so we can help connect you with a Texas timeshare exit solution provider who may be able to help you legally cancel your timeshare.
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.