In New York, timeshare cancellation and exit laws provide significant protections for consumers seeking to cancel or exit their timeshare contracts. New York 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 occurs later. After this 7-day window, canceling or exiting a timeshare can become more complicated and may require legal assistance or direct negotiation with the timeshare company. New York residents should also be cautious of timeshare exit scams that target individuals seeking to terminate their contracts. The New York Attorney General’s Office provides valuable resources on consumer protection, including information about timeshare contracts and cancellation rights, available at New York Attorney General’s Consumer Protection. Additionally, NOLO offers comprehensive information on timeshare cancellation laws and consumer rights, including specific guidance for New York residents, available at Timeshare Cancellation Rights. Understanding these laws ensures that New York residents can effectively navigate the timeshare cancellation and exit process.
