Georgia’s timeshare cancellation laws provide vital protections for consumers, allowing them to cancel their timeshare contract within a specific period. Under Georgia Code, Title 44, Chapter 3, Article 10, Section 44-3-221, buyers have a seven-day rescission period to cancel the contract. This period begins on the date the buyer signs the agreement or when the buyer receives a copy of the signed contract, whichever occurs later. During this seven-day window, the buyer can cancel the timeshare by submitting a written cancellation notice to the seller without facing any penalties. Furthermore, the seller must provide the buyer with a notice of the right to cancel, detailing the cancellation process. If the buyer cancels within the rescission period, the seller must refund all payments made, minus any specified fees. After the seven-day period, canceling the timeshare becomes more difficult unless the buyer can prove fraud or misrepresentation. Therefore, timeshare buyers in Georgia should act promptly to take advantage of their rights under Georgia’s timeshare cancellation laws.
For more information, refer to Georgia Code, Title 44, Chapter 3, Article 10, Section 44-3-221.