What are the Mexican timeshare laws for rescission? If you are looking for this information, then you are in the right place. You will learn all there is regarding Mexican timeshare laws for rescission in Mexico.
Mexican Timeshare Laws for Rescission
The Mexican timeshare laws for rescission were brought into place to not only protect the consumers, but also the timeshare companies. The rescission laws have guidelines that are set forth for the buyers and the sellers of all timeshare companies that are from a genuine licensed developer. If you purchase a timeshare resale, then your rights will actually be based upon how the timeshare was purchased and the Mexican rescission laws may not be applied to you. This article will provide you with all the rescission laws that are applicable when a timeshare is actually purchased from a legitimate timeshare company in Mexico.
Rescission Period (Cooling-Off) Period according to Mexican Timeshare Laws
The rescission period is also known as the cooling-off period. This is an actual time when timeshare buyers have the legal right to cancel their timeshare contract without being denied. The fraudulent timeshare cancellation companies may have you believe otherwise, but the rescission period law in Mexico allows buyers the right to cancel their timeshare contract legally during the cooling off period. The cancellation companies tell buyers that they can cancel their contract anytime so they can charge you with big fees and fines.
The Rescission Period is Passed- Now What?
Once the rescission period has passed, then the Mexican timeshare laws are unable to help you cancel your timeshare contract in Mexico. There are no exceptions! Remember, the timeshare cancellation companies are trying to scam you when they try to tell you that they have the ability to cancel your contract as it cannot happen. No matter what they say to you, there are no legal rights that allow you to cancel your timeshare contract after the rescission period is over.
Timeshare Cancellation Scams Protection Available
During the rescission period, all consumers are fully protected according to the Mexican timeshare laws if the timeshare was bought from a bonafide timeshare membership company. There are no laws that can protect you from any timeshare cancellation scams. To avoid being scammed you should never get involved with a timeshare cancellation scam company, even if they promise you the moon. If you have already been involved with a timeshare cancellation company scam, then you can make a formal complaint against the timeshare cancellation company scam by contacting the Mexican federal department, PROFECO. Making a formal complaint still doesn’t guarantee that you will get your money back that you gave the company and you probably will never recover this money.
The information provided above will tell you all you want to know about the Mexican timeshare laws for rescission. These laws in Mexico protects buyers who are wishing to cancel their timeshare contract during the cooling off period due to the rescission laws that are offered in Mexico.