Delaware’s timeshare cancellation laws provide strong consumer protections, giving buyers a clear path to cancel their purchase within a specific period. Under Delaware Code, Title 25, Chapter 22, Section 2205, buyers have a five-day rescission period to cancel their timeshare contract. This period begins on the date the buyer signs the contract or when the buyer receives a copy of the fully executed contract, whichever is later. During this five-day window, the buyer can submit a written cancellation notice to the seller without facing penalties. Additionally, the seller must provide the buyer with a notice of the right to cancel, outlining the steps to rescind the agreement. If the buyer cancels within the rescission period, the seller must refund all payments made, minus any specified fees. After the five-day period, canceling the timeshare becomes more complicated unless the buyer can prove fraud or misrepresentation. Therefore, timeshare buyers in Delaware should act swiftly to protect their rights under Delaware’s timeshare cancellation laws.
For more information, refer to Delaware Code, Title 25, Chapter 22, Section 2205.