In New Mexico, timeshare cancellation and exit laws provide crucial protections for consumers looking to cancel or exit their timeshare contracts. New Mexico law offers a 7-day rescission period, during which timeshare buyers can cancel their contract without penalty. This rescission period begins the day after the contract is signed or when the buyer receives the required cancellation notice, whichever is later. After this 7-day period, it can become more difficult to cancel or exit a timeshare, often requiring legal assistance or negotiation with the timeshare provider. New Mexico residents should also be cautious of timeshare exit scams targeting those seeking to terminate their contracts. The New Mexico Attorney General’s Office provides consumer protection resources, including guidance on timeshare cancellation and fraud prevention, accessible at New Mexico Attorney General’s Consumer Protection. Additionally, NOLO offers valuable insights into timeshare cancellation laws, consumer rights, and the overall cancellation process, available at Timeshare Cancellation Rights. By understanding these laws, New Mexico residents can navigate the timeshare cancellation and exit process with greater confidence.
