If you are a West Virginia resident and you are the owner of a timeshare that you no longer want and would like to cancel, then our team is here to help you. We help link timeshare owners with reputable timeshare exit solution providers who work towards helping timeshare owners cancel their unwanted timeshares.
West Virginia Timeshare Laws
Timeshare laws for the state of West Virginia can be found within the West Virginia Code starting at Chapter 36, Article 9. This section is known as the West Virginia Real Estate Time-Sharing Act. The laws in this act that are related to the requirements of escrow accounts and surety bonds can be found at Chapter 36, Article 9, Sec. 36-9-7, while the laws relating to the regulation of exchange programs can be found at Chapter 36, Article 9, Sec. 36-9-17. The rules within the West Virginia Real Estate Time-Sharing Act are designed to both regulate timeshares and protect consumers. Developers can find themselves facing legal liability if they don’t adhere to the laws listed within the West Virginia Code.
In the state of West Virginia, timeshare developers are required to provide timeshare purchasers with a public offering statement. A public offering statement is required to contain a number of important disclosures about the timeshare that is up for sale, including:
- The name of the timesharing plan
- An explanation of the timeshare ownership that is being offered
- An explanation of the status of title to the property
- Your rights to cancellation of purchase
The complete list of all of the mandatory disclosures that need to be made to timeshare property buyers in a public offering statement can be found at Chapter 36, Article 9, Sec. 36-9-6 of the West Virginia Code.
In the state of West Virginia, you have ten 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. This West Virginia timeshare law can be found in the West Virginia Real Estate Time-Sharing Act at Chapter 36, Article 9, Sec. 36-9-5. If you have any questions about West Virginia 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 West Virginia Timeshare Owners
1. Are there laws in West Virginia that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, West Virginia timeshare law regulates advertising materials under Chapter 36, Article 9, Sec. 36-9-10 of the West Virginia Code. This section makes it unlawful to misrepresent material facts or create any false or misleading impression regarding a timeshare. There are a number of rules and protections in this section designed to protect consumers; if you feel you have been the victim of illegal acts by a timeshare developer, then it is important to speak to an experienced attorney who can help you.
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 and can also result in liens as stated in Chapter 36, Article 9, Sec. 36-9-15 of the West Virginia Code.
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 West Virginia 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 West Virginia can be found at the Uniform Disclaimer of Property Interests Act within the West Virginia Statutes starting at Chapter 42, Article 6. 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 in West Virginia. 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 West Virginia 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 West Virginia timeshare. In West Virginia, 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.