Wisconsin timeshare law falls under statute 707 in their property section Time-share ownership . Right from the start of the statute Wisconsin law protects consumers. It treats timeshares not only as property, but also and more likely as a contract. Expanding timeshares to include contracts give the consumer much more protection than and rights in just real property.
While there are several defenses to contracts that are not available in property law. Wisconsin focuses on some of these defenses in its statute, but likely most all contract defenses would be available. Most notably is the unconscionable defense that they list right in opening section of the law. Wisconsin creates an unconscionable contract defense. If the contract is so unreasonable that it could not possibly be enforced (which timeshares often are considering their negative value) the court can essentially void the contract. Making it unenforceable. They can also do this for specific provisions of the contract, like if an interest rate on a mortgage is obscene the courts can choose to remove that provision while keeping the contract intact.
Rescission Period: 5 Day
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