Hawaii’s timeshare cancellation laws offer essential protections for buyers, allowing them to cancel their purchase within a specified period. Under Hawaii Revised Statutes, Section 514E-13, buyers have a seven-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 signed agreement, whichever occurs later. During this seven-day window, the buyer can submit a written cancellation notice to the seller without incurring any penalties. Furthermore, the seller must provide the buyer with a clear notice of the right to cancel, detailing the necessary steps to cancel the contract. If the buyer cancels within this period, the seller must refund all payments made, minus any applicable fees. After the seven-day period, cancellation becomes more challenging unless the buyer can prove fraud or misrepresentation. As a result, buyers in Hawaii should act promptly to exercise their rights under Hawaii’s timeshare cancellation laws.
For more information, refer to Hawaii Revised Statutes, Section 514E-13.