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New Jersey Timeshare Laws
Please be advised that you should not act upon any of this information without seeking proper legal counsel from an attorney experienced in timeshare law. Roberts Law Group makes no representation or warranty regarding the accuracy, reliability, completeness, or timeliness of any information provided. This information is provided for information only. All information posted here should not be used as a substitute for the advice of an appropriately qualified and licensed lawyer.
The NJ Real Estate Commission regulates timeshare law in NJ through the New Jersey Real Estate Timeshare Act. The act applies to all timeshares located within the state of New Jersey as well as those located outside NJ but sold within the state.
New Jersey timeshare law states that the developer is responsible for all timeshare contracts as well as all advertisements, offerings, and sales agents related to the selling of the timeshare plans. Under C.45:15-16.58 if any other these areas are in violation of the code, the developer is also in violation.
New Jersey Timeshare Cancellation
A purchaser has up to seven calendar days to cancel a timeshare contract in New Jersey. According to timeshare law C.45:15-16.67, this seven day cancelation period begins immediately after either the signing of the timeshare contract or receipt of the public offering statement, whichever is later. Under this timeshare law, in New Jersey the purchaser may send notice of cancellation by certified mail or deliver in person. The seller must refund all payments within 30 days.
Timeshare Fraud Laws in New Jersey
C.45:15-16.70 declares that it is unlawful for any developer or timeshare salesperson to misinterpret or present false information to a purchaser. In New Jersey, a seller may not:
- Provide false information that may affect a buyer’s decision to purchase
- Forecast any increases in price or value of the timeshare
- Misrepresent any facts or characteristics of the resort or timeshare contract
- Misrepresent how the purchaser may use or exchange the timeshare
For more information on timeshare laws in NJ, please click here.
Contact us at 1-800-242-0532 for assistance. A lawyer experienced in New Jersey timeshare law can provide the representation you need to successfully deal with your unique situation.
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