Section 407.620

Title XXVI TRADE AND COMMERCE

Chapter 407

Effective - 31 May 1985, see footnote   

  407.620.  Cancellation of purchase — printed notice of right to cancel to be given purchaser — form requirements. — In addition to any other remedy by which such an agreement may be rescinded or otherwise voided, a purchaser of a time-share plan or time-share property has five days after the day of purchase to cancel the purchase.  Printed notice of this right to cancel shall be given to the purchaser in writing with the use of 18-point boldface type in the following manner:

NOTICE

YOU HAVE THE RIGHT TO CANCEL THIS AGREEMENT WITHIN FIVE DAYS AFTER THE DATE OF THIS AGREEMENT.  CANCELLATION MUST BE IN WRITING AND IF SENT BY MAIL, ADDRESSED TO THE OTHER CONTRACTING PARTY AS SHOWN ON THIS AGREEMENT, CANCELLATION WILL BE ACCOMPLISHED AT THE MOMENT THE LETTER IS POSTMARKED.  IF SENT BY MAIL, THE LETTER MAY BE CERTIFIED WITH A RETURN RECEIPT REQUESTED.  YOUR RIGHT TO CANCEL CANNOT BE WAIVED.

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(L. 1985 H.B. 96, et al.)

Effective 5-31-85