Rescission Rights (Time-Share)
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Rescission Rights (Time-Share) Form. This is a California form and can be use in Department Of Real Estate Statewide.
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Tags: Rescission Rights (Time-Share), RE 615, California Statewide, Department Of Real Estate
STATE OF CALIFORNIA
DEPARTMENT OF REAL ESTATE
SUBDIVISIONS
RESCISSION RIGHTS (Time-Share)
RE 615 (Rev. 5/05)
Notice of Cancellation Rights
You may cancel the purchase of the time-share interest(s) in the time-share plan identified below
without any penalty or obligation and are legally entitled to the return of all money and other
considerations that you have given toward the purchase. If you decide to cancel your purchase, you
must notify the developer in writing of your intent to cancel within seven calendar days of receipt
of the public report or the date you sign the purchase contract, whichever date is later. Your notice
of cancellation shall be effective upon the date sent and shall be sent to the developer at the address
or facsimile number provided in your purchase contract. Any attempt to obtain a waiver of your
cancellation right is void and of no effect.
Refer to §11239 of the Business and Professions Code.
Election to Cancel the Sale of a Time-Share Interest(s)
1.
NAME OF DEVELOPER
2.
ADDRESS OF DEVELOPER
3.
FAX NUMBER
NAME OF TIME-SHARE PLAN
DRE REGISTRATION FILE #
I hereby elect to cancel my purchase of the time-share interest(s) in the above named time-share plan.
SIGNATURE
PRINTED NAME
DATE
SIGNATURE
PRINTED NAME
DATE
Note:
• Lines 1, 2, and 3 must be completed by the Developer prior to attaching this notice to the public report.
• This notice must be attached to the front of each Time-Share Public Report given to a prospective purchaser.
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