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Wisconsin 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.
Wisconsin Timeshare Contract Law
According to §707.06 of the Wisconsin Statutes, if the court deems any timeshare contract to be unconscionable or unreasonable, the court may choose not to enforce it. The court may also choose to allow the contract to continue without the unreasonable clause or clauses.
Timeshare Foreclosure in Wisconsin
Under timeshare law in Wisconsin, a timeshare mortgage or delinquent lien can be foreclosed upon in the same method as a traditional mortgage. Using non-judicial foreclosure, the owner will be notified that they are in default and will have only 30 days to pay the debt or file a dispute under §707.28 of the Wisconsin Statutes.
Wisconsin Timeshare Cancellation
In Wisconsin, timeshare law §707.47 states that a purchaser has the right to cancel a timeshare contract within five business days of either signing the contract or receiving all pertinent documents required by the state of Wisconsin, whichever is later. Until this cancelation period has expired, no title may be recorded, deed delivered, or deposit released. The purchaser may cancel the contract by personally delivering notice of the cancellation to the seller or by mailing the notice to the developer or to the developer’s agent for service of process. All payments made by the purchaser before cancellation must be refunded within 20 days after receipt of the notice of cancellation.
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