3 days cooling off period -- Timeshare Victims Support Group

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Subject: 3 days cooling off period

Author:
Rashid
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Date Posted: Sat, May 07 2005, 21:12:45
In reply to: George 's message, "CPFTA - Effective date : 1 Mar 2004" on Tue, May 03 2005, 16:56:34

I feel the 3 days cooling off period does not help most victims. We only realise what was verbally promised would later be denied when we asked about them weeks or months or even years later. Take the cashback scheme some are offering for example. Also, we would probably not book a resort within the three days, so how to tell within the 3 days we were misled? Trying to book a resort through the timeshare exchange program is not so hassle free as presented to us before we sign the contract.

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[> [> Subject: 3 days cooling off period

Author:
sgwatchdog
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Date Posted: Sat, May 14 2005, 22:12:43

3 [working] days cooling off period only starts if timeshare company does 3 things
1. give u notice of cancellation form
2. fill in part a of the form
3. explain the 3 day cooling off period to u

if not, the 3 days will not begin to run

Consumer Protection (Fair Trading) Act
http://statutes.agc.gov.sg/non_version/cgi-bin/cgi_retrieve.pl?actno=REVED-52A&doctitle=CONSUMER%20PROTECTION%20%28FAIR%20TRADING%29%20ACT%0a&date=latest&method=part

Consumer Protection (Fair Trading) (Cancellation of Contracts) Regulations
http://www.mti.gov.sg/public/PDF/CMT/frm_LEG_CPFTA_Act_Canc_Reg.pdf

CPFTA FAQ
http://www.mti.gov.sg/public/FAQ/frm_FAQ_Default.asp?sid=2&cid=1853

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