State lawmakers are weighing whether it shouldn’t have to be necessary for someone to die to get out of a timeshare contract.
Legislation approved Monday by the House Committee on Regulatory Affairs would give people who sign timeshare contracts 14 days to have second thoughts. That’s twice as long as they now have.
House Bill 2639 also would allow buyers to opt out within 14 days of actually using their timeshare and be entitled to a 90 percent refund.
Potentially most significant, those who would buy a timeshare in the future and keep it for at least a decade could simply walk away without being on the legal hook for annual maintenance fees that could continue for the rest of their lives — and beyond.
