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South Dakota 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.
South Dakota’s timeshare laws are controlled through Statute 43-15B which is titled “Time-Share Estates”. Added regulation is provided through the South Dakota Real Estate Commission on the topic of licensing. If you own a timeshare or reside in the state of South Dakota, please contact a timeshare lawyer with any questions regarding the following information.
South Dakota Timeshare Cancellation
20:69:12:21: South Dakota, timeshare law declares that purchasers have a seven day right of rescission to cancel a time share contract. This “cooling off” period begins once the timeshare contract has been executed or when the purchaser has received the disclosure statement.
In South Dakota the purchaser must send a written notice to cancel the timeshare to the purchaser within this time period for a refund of all fees within 30 days.
Time Share Sales Laws in South Dakota
Under 20:69:13:02 any timeshare sales agent shall not sell or offer any timeshare contract without proper licensing.
South Dakota timeshare law prohibits any false advertising or advertising fraud under 58-33-5. No developers or sales agents may create, distribute, or issue any deceptive information to capture a sale under this timeshare law. In South Dakota it is also prohibited to make any dishonest or false statements in regards to the timeshare offering. Violation will result in a Class 2 misdemeanor.
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