Wisconsin Statutes
Wis. Stat. § 707.47 (2026)
Purchaser’s right to cancel
✓ laws through the 2025-26 session (checked Sept. 2026)
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707.47(1)(1) Provision of statement. A person required to deliver a time-share disclosure statement under s. 707.41 (2) shall, before transfer of a time share and no later than the date of any contract for the purchase of a time share, provide a prospective purchaser with a copy of the time-share disclosure statement and all amendments and supplements to the statement.
707.47(2)(2) Right to cancel. If delivery of a time-share disclosure statement is required under s. 707.41 (2), the purchaser may cancel a contract for the purchase of a time share until midnight of the 5th business day after whichever of the following is later:
707.47(2)(b)(b) The date on which the purchaser receives the last of the documents required to be provided to the purchaser under sub. (1).
707.47(3)(3) Activity before cancellation period expires. No title may be recorded, deed delivered or deposit released until the cancellation period under sub. (2) has expired. Nothing in this subsection or sub. (4) precludes the execution of documents before the cancellation period expires, for delivery after the cancellation period expires.
707.47(4)(4) Waiver prohibited. The purchaser or any person on behalf of the purchaser may not waive the right to cancel under sub. (2).
707.47(5)(5) Notice of cancellation. If a purchaser elects to cancel a contract under sub. (2), the purchaser may do so by personally-delivering notice of the cancellation to the seller or by mailing the notice to the developer or to the developer’s agent for service of process. If mailed, any notice of cancellation shall be considered given on the date that the notice is postmarked.
707.47(6)(a)(a) Cancellation under sub. (2) shall be without penalty, and, except as provided in par. (b), all payments made by the purchaser before cancellation shall be refunded within 20 days after receipt of the notice of cancellation or within 5 days after receipt of funds from the purchaser’s cleared check, whichever is later.
707.47(6)(b)(b) If the purchaser has used or occupied the time-share property for more than 12 hours before cancellation, the funds to be returned to the purchaser may be reduced by a reasonable charge to cover the length of stay plus the cost for damages, if any, to the time-share property directly attributable to the purchaser’s use or occupancy of the time share property.
Notes of Decisions
Cited in 4
cases (3 in the last 5 years), 2006–2026 · leading case: Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77, 716 N.W.2d 127.
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77, 716 N.W.2d 127. “*138 § 707.47, and rescission generally requires that the parties be restored to their respective positions before their ill-fated transaction.”
Mungovan, No. 3:25-cv-00521 (W.D. Wis. Feb. 6, 2026). “PROCEDURAL HISTORY Plaintiffs filed this suit in January 2025 in the District of Minnesota alleging, among other things, violations of several Wisconsin laws including, relevant to this motion, a subsection of the Wisconsin Time Share Ownership Act, Wis. Stat. § 707.47 (2). Dkt.…”
Mungovan v. Wyndham Vacation Resorts, Inc., No. 3:25-cv-00521 (W.D. Wis. June 16, 2025). “Indeed, the parties are already litigating the meaning of, and the obligations imposed by, Wis. Stat. § 707.47 (2), and neither side was able to locate any relevant precedent in support of their positions.”
Mungovan v. Wyndham Vacation Resorts, Inc., No. 0:25-cv-00061 (D. Minn. June 16, 2025). “Indeed, the parties are already litigating the meaning of, and the obligations imposed by, Wis. Stat. § 707.47 (2), and neither side was able to locate any relevant precedent in support of their positions.”
Wis. Stat. § 707.47(1): 1 case
Mungovan, No. 3:25-cv-00521 (W.D. Wis. Feb. 6, 2026). “PROCEDURAL HISTORY Plaintiffs filed this suit in January 2025 in the District of Minnesota alleging, among other things, violations of several Wisconsin laws including, relevant to this motion, a subsection of the Wisconsin Time Share Ownership Act, Wis. Stat. § 707.47 (2). Dkt.…”
Wis. Stat. § 707.47(2): 2 cases
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77, 716 N.W.2d 127. “*138 § 707.47, and rescission generally requires that the parties be restored to their respective positions before their ill-fated transaction.”
Mungovan, No. 3:25-cv-00521 (W.D. Wis. Feb. 6, 2026). “PROCEDURAL HISTORY Plaintiffs filed this suit in January 2025 in the District of Minnesota alleging, among other things, violations of several Wisconsin laws including, relevant to this motion, a subsection of the Wisconsin Time Share Ownership Act, Wis. Stat. § 707.47 (2). Dkt.…”
Wis. Stat. § 707.47(2)(a): 1 case
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77, 716 N.W.2d 127. “*138 § 707.47, and rescission generally requires that the parties be restored to their respective positions before their ill-fated transaction.”
Wis. Stat. § 707.47(2)(b): 1 case
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77, 716 N.W.2d 127. “*138 § 707.47, and rescission generally requires that the parties be restored to their respective positions before their ill-fated transaction.”
Wis. Stat. § 707.47(6): 1 case
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77, 716 N.W.2d 127. “*138 § 707.47, and rescission generally requires that the parties be restored to their respective positions before their ill-fated transaction.”
Wis. Stat. § 707.47(6)(a): 1 case
Ott v. Peppertree Resort Villas, Inc., 2006 WI App 77, 716 N.W.2d 127. “*138 § 707.47, and rescission generally requires that the parties be restored to their respective positions before their ill-fated transaction.”
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