If you’re an active duty service member who purchased a timeshare and is struggling with the financial obligations, you may have a way out. The Military Lending Act (MLA) provides protections for service members against predatory lending practices, including those related to timeshare contracts.
Under the MLA, service members are protected from high-interest loans, mandatory arbitration clauses, and other unfair terms. The act also allows service members to sue lenders who violate its provisions.
If you believe that you were taken advantage of when purchasing your timeshare, you may be able to use the MLA to void your contract and obtain a fast exit from your obligations. This could save you from years of costly maintenance fees and other expenses associated with timeshare ownership.
To determine whether you have a viable claim under the MLA, it’s important to consult with an experienced attorney who specializes in military law. They can review your case and help you understand your options for legal recourse.
At Edelson Lechtzin LLP, we have a team of skilled attorneys who are dedicated to helping service members navigate complex legal issues. If you’re an active duty service member who is struggling with a timeshare contract, we’re here to help. Contact us today at 844-696-7492 or email us to schedule a consultation and learn more about your legal rights.