Holiday Clubs (Long term holiday product): voluntary withdrawal after the second payment. Sep 19, 2016

According to the Spanish Legalisation (RDL 8/12 and Law 4/12), after the 18th of March 2012 a long Term Holiday Product can be cancelled by the consumer. By giving notice after their second year, no later than 14 days after any day where the consumer receives a request for payment.
The Resort must not accept any payment for a long term holiday product contract unless the payment is being made in accordance with the Law requirements.
The payments must be scheduled to be divided into yearly installments of equal value, depending on the duration of the contract.