37-53-304. Disclosure to purchaser -- cancellation of agreement. The developer or any person offering a timeshare interval shall provide a prospective purchaser with a copy of the public offering statement described in 37-53-303 before the execution of any agreement for the purchase of a timeshare interval. Within 7 days following receipt of a public offering statement or signing of a timeshare purchase agreement, whichever is later, a purchaser may cancel the agreement and receive a refund of any consideration paid by providing written notice of the cancellation to the developer or developer's agent either by certified mail or personal delivery. If the purchaser does not receive the public offering statement, the agreement is voidable by the purchaser until the purchaser receives the public offering statement and for 7 days after receipt. The provisions of this section may not be waived.
History: En. Sec. 15, Ch. 444, L. 1987; amd. Sec. 10, Ch. 317, L. 2009.
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