AZ HB2639

Extends the rescission period for timeshare purchase agreements from 7 to 10 calendar days, allowing purchasers to cancel without penalty within that timeframe.

Requires sellers to provide a separate disclosure document in at least 10-point type covering cancellation rights, annual maintenance fees and assessments, that timeshares are not investments, purchase agreement finality, and consumer complaint rights.

Mandates detailed financial disclosures including the duration of the timeshare agreement, good faith estimates of total first-year financial obligations, and previous three years of assessments if available.

Requires purchasers to separately initial all required disclosures and sign the financial disclosure document, with copies provided to purchaser at signing and retained by seller.

Makes denial of purchaser rescission rights without good faith legal basis an unlawful practice enforceable by the attorney general.