Tennessee’s timeshare cancellation laws provide important consumer protections by giving buyers the right to cancel a timeshare purchase within a specific period after signing the contract. Under Tennessee Code Annotated, Title 66, Chapter 32, Section 66-32-106, buyers have a ten-day rescission period, which begins on the date the purchaser signs the contract or the date the purchaser receives the contract and disclosure documents, whichever occurs later. During this ten-day window, buyers can cancel their timeshare agreement by submitting a written cancellation notice to the seller without incurring any penalty or fee. The seller is legally required to inform the buyer of their right to cancel, providing a clear notice of the right to cancel and specific instructions for submitting the cancellation. The buyer should send the cancellation notice using a traceable delivery method, such as certified mail or another method that confirms delivery. If the buyer cancels the contract within the rescission period, the seller must refund all payments made by the buyer, minus any applicable administrative fees or costs outlined in the contract. After the ten-day period expires, the buyer can no longer cancel the contract automatically and would need to prove fraud, misrepresentation, or other legal grounds to seek cancellation. Sellers who fail to comply with the cancellation process may face legal consequences under Tennessee’s consumer protection laws. Timeshare buyers in Tennessee should understand their rights to cancel a timeshare purchase and act within the ten-day rescission period to avoid complications.

For more detailed information, refer to Tennessee Code Annotated, Title 66, Chapter 32, Section 66-32-106.