Need to rescind Holiday Inn Vacation Club contract - help

[theo]

So basically, as long as I get this postmarked by midnight of the 5th day (according to my contract) they should honor the cancellation?

We purchased Saturday 10/15 so we should have until midnight Wednesday 10/19 correct? I'm assuming that 10/15 actually counts as one day so we don't have until the 20th.

Postmarked is indeed the operative and important word here. Later date of actual receipt matters not.

If you meet the date deadline, there is no "should honor". Rescission (cancellation) rights are provided by applicable state law, not by the kindness or benevolence of the developer. They simply have no choice other than to process your rescission and issue 100% refund of any deposit paid (although it could conceivably and lawfully take up to 45 days before you actually have the refund in hand).

 

[lllGurulll]

Certified signature delivery mail has been sent

 

[TUGBrian]

outstanding! congrats on saving a fortune!

 

[lllGurulll]

I have confirmation the letter had been received. Will they contact me in any way or will the refund just eventually show up in my account.

 

[Passepartout]

I have confirmation the letter had been received. Will they contact me in any way or will the refund just eventually show up in my account.

Maybe. They are under no legal obligation to give you a progress report, or notify you. Some TS marketers do, some don't. Depending on when the refund hits your account, it can take up to 45 days for you to see it on your credit card statement. Generally speaking calling the TS outfit won't help you find out any sooner. Just know that the law is on your side, and we know of none that refuse to process the rescission. Rest assured that it's in the works.

Patience, Grasshopper.

Jim

 

[LannyPC]

Will they contact me in any way?

It's possible that a salesperson from the resort will be contacting you trying to persuade you to reverse your rescission. There might be a sweet offer to do so. Other times these sales people issue threats (albeit, completely empty ones) saying that you will face serious legal consequences if you rescind.

We TUGgers generally recommend not taking any phone calls from unknown numbers while your rescission is in progress. And rest assured that you will face no legal or financial consequences for exercising your legal right to rescind.

 

[lllGurulll]

The money has been refunded. That was fast

 

[alexws]

Glad I found this site today, and getting so much useful information.

I found myself in a similar situation, and now I am going to rescind the contract I signed at the OLCC in Kissimmee FL two days ago.

 

[alexws]

The money has been refunded. That was fast

Hi lllGurulll, which timeshare program was yours? was it Holiday Inn Vacation Club?

 

[Passepartout]

Glad I found this site today, and getting so much useful information.

I found myself in a similar situation, and now I am going to rescind the contract I signed at the OLCC in Kissimmee FL two days ago.

The post office is closed today, so you can get your letter postmarked on Tuesday. There are plenty of templates of what to write. Just keep it simple. Include a COPY of the signature page of the contract for ID purposes. All people who signed the contract must sign the rescission letter.
You will get your refund. It's the law, not some sort of good will from the developer. It may take up to 45 days to see the refund, and they are under no obligation to inform you of the progress. If you start getting phone calls or emails from the salesweasels, you'll know they are processing the rescission. Best to not answer them.

Take the time to learn about TS if it still interests you. If not, we wish you well.

Jim

 

[alexws]

The post office is closed today, so you can get your letter postmarked on Tuesday. There are plenty of templates of what to write. Just keep it simple. Include a COPY of the signature page of the contract for ID purposes. All people who signed the contract must sign the rescission letter.
You will get your refund. It's the law, not some sort of good will from the developer. It may take up to 45 days to see the refund, and they are under no obligation to inform you of the progress. If you start getting phone calls or emails from the salesweasels, you'll know they are processing the rescission. Best to not answer them.

Take the time to learn about TS if it still interests you. If not, we wish you well.

Jim

Yes, I will definitely learn more about TS on TUG after I rescind the purchase from the developer.