Debt, Credit & Consumer Protection · Surprise rank #49
Bought a Timeshare in NY? You Get 7 Business Days to Cancel and Get a Full Refund
New York requires a seven-business-day cancellation period for covered timeshare sales made under New York's offering-plan rules.
Who
Consumers who sign a covered timeshare contract offered or marketed under New York law.
Where: New York-covered timeshare offers and sales
What to do
Start here: Follow the contract/offering plan's cancellation instructions immediately and preserve proof that the cancellation was sent within seven business days.
Eligibility: The transaction must be subject to New York's timeshare protections; the cancellation must be made within the seven-business-day period.
What you get
A purchaser can cancel a covered New York timeshare contract within seven business days and receive a full refund.
Benefit: Return of the money paid under the canceled covered contract.
Possible value: Potentially the full purchase/deposit amount.
Good to know
Important: The deadline is short. Do not rely on a salesperson's verbal promise—use the written cancellation procedure and retain proof.
Availability: Active consumer right
Why people miss it: High-pressure sales presentations encourage buyers to focus on the vacation pitch rather than the short statutory cooling-off period.
Sources reviewed: Aug 10, 2026