Original Message:
Incorrect input is not helpful... (by KC):
To correct / clarify some unfortunate misinformation provided above by Mohit V. in regard to cancelling a timeshare contract:
1. A timeshare purchase contract can neither be initiated nor rescinded (cancelled) "orally". Contract execution or cancellation must be accomplished in writing and under signature --- and within the time frame specifically identified by the law in each individual state. NO state law in existence authorizes "oral" initiation or cancellation of a timeshare contract. Contract execution and / or rescission (cancellation) is a matter of law ; it does not matter one bit what unidentified so-called "experts" might suggest or recommend.
2. By law, notice of contract rescission (cancellation) rights must be provided in writing to the buyer at the time of contract execution. Sadly, too many buyers fail to read and / or act upon that information in a timely manner. Those instructions will never identify the actual point of sale (i.e., a resort) as the appropriate recipient of contract rescission correspondence. Contract rescission matters are handled and processed off site at the corporate / company offices located at a different specific address identified in the rescission rights notice. There is no involvement of the resort's on-site sales personnel in any way in the contract rescission process.
These are minor points of correction and clarification, but incorrect statements and / or unfounded speculations do not help a buyer seeking to rescind (cancel) in a proper and legally sufficient manner. Particularly when time is of the essence, you really have to get it right!