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Connecticut 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.
In Connecticut, timeshare law is regulated by the Department of Consumer Protection. However, these timeshare laws apply only to those contracts signed within the state of Connecticut. Timeshare contracts signed outside Connecticut would not be protected under Connecticut law. Connecticut General Statutes Chapter 734b administers these sanctions.
Resale Timeshare Laws in Connecticut
Connecticut requires that anyone who intends to sell timeshare must be a licensed real estate broker. Those advertising timeshare for sale within the state of Connecticut also need to be licensed in order to comply with the state timeshare law.
Connecticut Timeshare Contract Cancellation
§42-103y defines that a buyer has the right to cancel a timeshare contract within three business days of signing. Under this timeshare law, the seller must refund any payments back to the buyer within ten days of canceling the timeshare. To start the process, the purchaser must inform the seller in writing that they wish to cancel.
Timeshare Advertising Scams
The statute 42-103z addresses timeshare advertising and unlawful practices. The law states that a seller may not suggest or predict that the timeshare will increase in price or value in the future. Anyone who does so will be in violation of Connecticut state law. This also declares that any misrepresentation of the timeshare in advertisements or made by the seller to the purchaser will be deemed unlawful in regards to the state’s timeshare law. These include:
- Right to Use
- Services of the Timeshare
- Misrepresentation of Characteristics of the Timeshare
- Speculated Improvements to the Timeshare Plan
Timeshare Foreclosure and Assessment in Connecticut
Under Section 42-103yy of Connecticut timeshare law, the developer or managing entity has the right to foreclose on a timeshare due to delinquent payments deemed as a lien on the timeshare. The owner can submit a request to receive a formal statement of the foreclosure and what payments are owed. The managing party then has ten days to reply to the request. If you are past due in your mortgage payment, maintenance fees, or special assessments, a timeshare attorney will assist you in submitting this request. There is a limited timeframe in which you have to contest the foreclosure. Guidance from a lawyer who is experienced in timeshare law will help you to understand the process to protect your rights as a timeshare owner.
For more information on timeshare law in Connecticut, click here.
If you have questions regarding any of the above information, please contact a timeshare attorney to review your options at 1-800-242-0532.
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