PURCHASER'S RIGHT TO CANCEL
Known as the Texas Timeshare Act
The act spans §§ 221–221 (62 sections).
Applied in 2 court decisions — leading case Bank National Association 1995-C1 v. A Sleutel
Most recently applied in LaSalle Bank National Ass'n v. Sleutel (May 2002)
Added by Acts 1987, 70th Leg., ch. 167, Sec. 6.03, eff
(a) A purchaser may cancel a purchase contract before the sixth day after the date the purchaser signs and receives a copy of the purchase contract or receives the required timeshare disclosure statement, whichever is later.
(b) A purchaser may not waive the right of cancellation under this section. A contract containing a waiver is voidable by the purchaser.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.