South Carolina’s timeshare cancellation laws give buyers a clear right to cancel their purchase within a defined period after signing the contract. According to South Carolina Code of Laws, Title 27, Chapter 32, Section 27-32-170, purchasers of timeshares in South Carolina have a five-day rescission period. This period begins the day the buyer signs the contract or the day they receive a fully executed copy of the contract, whichever comes later. Within these five days, the buyer can cancel the timeshare agreement by sending a written cancellation notice to the seller. The seller must provide the buyer with a notice of the right to cancel at the time of signing, explaining how to exercise this right and where to send the cancellation notice. Buyers must send the cancellation notice via a method that provides proof of delivery, such as certified mail or another trackable service, to ensure the cancellation is valid. If the buyer cancels within the rescission period, the seller must refund all payments made by the buyer, though certain processing fees or administrative charges may apply, depending on the terms of the contract. After the five-day period, the buyer can no longer cancel the contract without proving fraud or misrepresentation by the seller, or other legal grounds. Sellers who fail to adhere to the cancellation requirements may face legal penalties. To avoid complications, timeshare buyers in South Carolina should be aware of their rights and act within the rescission window.

For more detailed information, consult South Carolina Code of Laws, Title 27, Chapter 32, Section 27-32-170.