Maine timeshare law is carved out in a section of property law for timeshares it is a subpart of their unit ownership law. The statute is fairly limited in what it covers about timeshares, mostly just disclosure, finances, and foreclosure.
In Main timeshare owners are given a 30-day period from the date of receiving notice to fix a default before the owner is permitted to open a foreclosure on the timeshare. Foreclosure generally applies to real property though. So, if your timeshare contract is for a point system as opposed to a share of time at a specific location foreclosure can get a lot trickier, since there is no property to foreclose on. If you are not sure of your rights regarding your inability to pay for your timeshare it is important to reach out to a timeshare lawyer to learn your rights.
Rescission Period: 10 Days
Disclaimer: These summaries of law are intended only to serve as an information source for consumers. Statutes and laws are subject to constant change and the information listed above may not represent the most recent, or complete information. This does not constitute legal advice and a lawyer should always be contacted to provide you an analysis of your case. If you would like to have your case reviewed, please call us at (360)918-8196 for a free consultation