Tex. Prop. Code § 221.041

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 221.041 - Purchaser's Right to Cancel

(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.

Tex. Prop. Code § 221.041

Amended By Acts 2005, 79th Leg., Ch. 539, Sec. 8, eff. 1/15/2006.

Amended By Acts 1993, 73rd Leg., ch. 443, Sec. 4, eff. 9/1/1993.

Amended by Acts 1989, 71st Leg., ch. 381, Sec. 4, eff. 6/14/1989

Added by Acts 1987, 70th Leg., ch. 167, Sec. 6.03, eff. 9/1/1987. Renumbered from Sec. 201.041 by Acts 1989, 71st Leg., ch. 2, Sec. 13.03(b), eff. 8/28/1989.