Tex. Prop. Code § 221.041 · Subchapter E. CANCELLATION OF PURCHASE CONTRACT

PURCHASER'S RIGHT TO CANCEL.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

(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.

Notes and commentary — not statutory text

History

Added by Acts 1987, 70th Leg., ch. 167, Sec. 6.03, eff. Sept. 1, 1987. Renumbered from Sec. 201.041 by Acts 1989, 71st Leg., ch. 2, Sec. 13.03(b), eff. Aug. 28, 1989. Amended by Acts 1989, 71st Leg., ch. 381, Sec. 4, eff. June 14, 1989; Acts 1993, 73rd Leg., ch. 443, Sec. 4, eff. Sept. 1, 1993.

Amended by:

Acts 2005, 79th Leg., Ch. 539 (H.B. 1045), Sec. 8, eff. January 15, 2006.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/PR/htm/PR.221.htm
Text hash: sha256 e574b9e8defdd09421daff62dbdd28308d9e463901bb2fe564b772624577936a
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

Cited by 5 provisions

Provisions in this library whose text cites Tex. Prop. Code § 221.041. Each shows the citation as that text prints it.

Property Code

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