Texas timeshare cancellation laws give buyers the right to cancel their purchase within a specific timeframe. Under Texas Property Code, Section 221.003, purchasers have a ten-day rescission period to cancel their timeshare contract. This period begins on the date the buyer signs the contract or when the buyer receives the required disclosure documents, whichever is later. During this time, the buyer can cancel the contract by providing a written notice of cancellation to the seller without incurring penalties. The seller must provide the buyer with a notice of the right to cancel at the time of the contract signing, detailing the cancellation process. If the buyer cancels within the ten-day period, the seller must refund all payments made, minus any contractual fees. After the rescission period, canceling the timeshare becomes difficult without proving grounds like fraud or misrepresentation. Buyers should be aware of their rights and act within the specified period to avoid complications.

For more details, refer to Texas Property Code, Section 221.003.