If you are wanting information about rescission laws for timeshares in Mexico, then you are in luck. We are providing you will all the information that you will need to know regarding timeshare contract cancellations in Mexico along with the rescission laws for timeshares in Mexico.
What are the rescission laws for timeshares in Mexico?
The rescission laws for timeshares in Mexico were made up to protect buyers and timeshare companies together. The rescission laws provide guidelines that will protect both the buyers and sellers of a timeshare membership when that timeshare has been purchased from a developer that is licensed. Rescission laws for timeshares in Mexico will only protect you if you have purchased your timeshare through a legit developer and company and a resale timeshare is not covered under the rescission laws in Mexico. You should read through this article to learn about the rescission laws in Mexico to see if these laws are applicable with your timeshare purchase in Mexico.
What is the time that a buyer can cancel their timeshare contract?
A buyer can only cancel their timeshare contract during the rescission period, which is also known as the cooling-off period. Any buyer has the right under the laws in Mexico to cancel their contract during this time and you will not be denied. The rescission laws for timeshares in Mexico gives buyers the legal right to cancel their timeshare contract, but only during the recession time period. There are many cancellation companies out there that try to trick buyers into thinking they can cancel their contract for them, but if the recession period has passed, then they are unable to cancel the contract too. The only thing the cancellation companies will do for you is charge you a large fee, but will provide nothing in return!
After the Rescission Period is Over, What can a Buyer do?
After the cooling off period has passed, the rescission laws for timeshares in Mexico will not protect you nor will they allow you to cancel your contract. Please remember, that timeshare cancellation scams will tell you they have the ability to cancel your contract and work on your behalf, but they are not able to do so. They can promise so many things, but in the long run they have no legal rights to cancel any timeshare contract once the rescission period is over.
You Can Protect Yourself from Cancellation Scam Companies
The rescission laws for timeshares in Mexico will protect you with your timeshare if you are wanting to cancel the contract and you must have purchased the timeshare membership with a genuine timeshare company and you are fully protected. There are no laws or regulations that can protect consumers from cancellation scam companies with timeshares. If you researched the company and thought they were legit, but later found out there weren’t, then you can contact PROFECO, which is the Mexican federal department where you can write a formal complaint against the cancellation scam company. One must always avoid the cancellation companies altogether to protect themselves fully.