Connecticut’s timeshare cancellation laws provide vital protections for consumers, allowing them to cancel their timeshare contracts within a defined period. Under Connecticut General Statutes, Section 47-68e, buyers have a seven-day rescission period to cancel their timeshare agreement. This period begins on the date the buyer signs the contract or when the buyer receives a fully executed copy of the agreement, whichever occurs later. During this seven-day window, buyers can submit a written cancellation notice to the seller without facing any penalties. Additionally, the seller must provide the buyer with a notice of the right to cancel, clearly outlining the cancellation process. If the buyer cancels within the rescission period, the seller must refund all payments made, excluding any fees specified in the contract. After the seven-day period, canceling the timeshare becomes more difficult unless the buyer can prove fraud or misrepresentation. Therefore, buyers in Connecticut should act quickly to exercise their rights under Connecticut’s timeshare cancellation laws.
For more details, refer to Connecticut General Statutes, Section 47-68e.