South Carolina H 3351: Time sharing

Bill Text

2025-2026 Bill 3351 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3351

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING 
SECTION 27-32-40, RELATING TO FURNISHING COPIES OF TIMESHARE CONTRACTS TO 
PURCHASERS, SO AS TO PROVIDE THAT A PURCHASER MAY CANCEL THE CONTRACT WITHIN 
TEN DAYS OF SIGNING.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Section 27-32-40(A)(5) of the S.C. Code is amended to 
read:

 (5)(a) following statement in immediate 
proximity to the space reserved in the contract for the signature of the 
purchaser and in bold type:

 "YOU MAY CANCEL THIS 
CONTRACT WITHOUT PENALTY OR OBLIGATION WITHIN FIVE DAYS AFTER THE DATE YOU SIGN 
THIS CONTRACT, NOT INCLUDING SUNDAY IF THAT IS THE FIFTH DAY, OR THE DATE YOU 
RECEIVE THE DISCLOSURE STATEMENT PURSUANT TO SECTION 27-32-100, WHICHEVER OCCURS 
LATER. IF YOU DECIDE TO CANCEL, YOU MUST NOTIFY THE SELLER IN WRITING OF YOUR 
INTENT TO CANCEL BY SENDING NOTICE BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, 
OR BY ANOTHER VERIFIABLE MEANS, TO (NAME OF SELLER) AT (SELLER'S ADDRESS).""You 
may cancel this contract without penalty or obligation within ten days after 
the date you sign this contract, not including Sunday if that is the tenth day, 
or the date you receive the disclosure statement pursuant to Section 27-32-100, 
whichever occurs later. If you decide to cancel, you must notify the seller in 
writing of your intent to cancel by sending notice by certified mail, return 
receipt requested, or by another verifiable means, to (name of seller) at 
(seller's address)."

 (b) 
in the case of a vacation time sharing lease plan the following statement also 
must be included:

 "YOU ALSO MAY CANCEL 
THIS CONTRACT AT ANY TIME IN CASE THE ACCOMMODATIONS OR FACILITIES PROVIDED IN 
THE CONTRACT OR COMPARABLE ACCOMMODATIONS OR FACILITIES ARE NO LONGER 
AVAILABLE.""You also may cancel this contract at any time in case the 
accommodations or facilities provided in the contract or comparable 
accommodations or facilities are no longer available."

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on December 06, 2024 at 11:44 AM