In Maryland, timeshare cancellation and exit laws provide strong protections for consumers who wish to cancel or exit their timeshare contracts. Maryland law grants a 7-day rescission period, during which timeshare buyers can cancel their purchase without incurring any financial penalty. The rescission period begins the day after the contract is signed or the day the buyer receives the required disclosure notice, whichever occurs later. After this 7-day window, exiting a timeshare becomes more difficult, often requiring legal help or negotiations with the timeshare provider. Maryland residents should also be aware of potential exit scams targeting timeshare owners. The Maryland Attorney General’s Office offers valuable consumer protection resources, including guidance on timeshare cancellations and fraud prevention, which can be accessed at Maryland Attorney General’s Consumer Protection. Additionally, NOLO provides comprehensive articles detailing the timeshare cancellation process and consumer rights, including specific information relevant to Maryland residents, available at Timeshare Cancellation Rights. Understanding these legal rights is essential for Maryland consumers navigating the timeshare cancellation and exit process.
