§ 6.115.130. Copy of contract and right to cancel.

It is unlawful for the developer, seller or sales agent to accept money, deposit or any kind of consideration for a time-share interval without furnishing the purchaser with a fully completed copy of a contract containing the details of such sale at the time of its execution which shall include:

(a)

The actual date the contract is executed by all parties;

(b)

The name and address of the seller;

(c)

The following statement, in bold-face type of a size ten points larger than the largest type in the text of the contract, shall be placed in immediate proximity to the space(s) reserved for the buyer's signature:

YOU MAY CANCEL THIS CONTRACT WITHOUT ANY PENALTY OR OBLIGATION WITHIN THREE (3) DAYS FROM THE ABOVE DATE.

IF YOU DECIDE TO CANCEL, YOU MUST NOTIFY THE SELLER IN WRITING OF YOUR INTENT TO CANCEL BY SENDING NOTICE TO (NAME OF SELLER) AT (SELLER'S ADDRESS).

This right to cancel shall not survive the actual transfer of title by deed where there has been a least three days between the signing of the contract and transfer by deed. Notice of cancellation is deemed given on the date of mailing as evidenced by postmark.

(Ord. 725 § 1 (part), 1980)