California Form Re 615 PDF Details

The journey through buying a time-share in California comes with specific rights and assurances, designed to protect consumers in what can be a complex transaction. Recognized under the enigmatic title, the California Re 615 form, these rights are pivotal for anyone venturing into the time-share domain. At its core, the form serves as a beacon for those navigating the murky waters of time-share purchases, offering a lifeline in the form of cancellation rights. Buyers are granted the power to cancel their purchase without facing any penalties, a safety net that underscores the state’s commitment to consumer protection. This cancelation must be communicated within seven days after receiving the public report or signing the purchase agreement, whichever comes later, ensuring buyers have ample time to reconsider their decisions. Furthermore, the form mandates that the notice of cancellation be sent directly to the developer, stipulating the importance of a written record. Alongside these pivotal details, the Re 615 form elaborates on how any attempt to waive these rights is considered null and void, reinforcing the protective barrier around the buyer. With such comprehensive coverage, this document not only serves as a notice of rights but as a practical guide for those wishing to exercise their right to cancel, all the while detailing the procedural specifics, including the developer's name and contact information, thereby streamlining the cancellation process for the consumer.

QuestionAnswer
Form NameCalifornia Form Re 615
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names real-estate-find.comcalifornia-real-estateCalifornia Real Estate Cancellation Form

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State of California

Department of Real Estate

Notice of Cancellation Rights (Time-Share)

RE 615 (Rev. 3/20)

Subdivisions

 

 

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 Business and Professions Code

(BPC) § 11239(a-b).

CANCELLATION INFORMATION

NAME OF DEVELOPER

EMAIL ADDRESS OF DEVELOPER

MAILING ADDRESS OF DEVELOPER

CITY

NAME OF TIME-SHARE PLAN

DRE REGISTRATION FILE NUMBER

FAX NUMBER

STATE

ZIP CODE

 

 

RE: ELECTION TO CANCEL THE SALE OF A TIME-SHARE INTEREST(S)

I hereby elect to cancel my purchase of the time-share interest(s) in the above-name time-share plan.

DATE

@SIGNATURE

PRINT NAME

@SIGNATURE

PRINT NAME

Note: To inform a purchaser of his or her right of cancellation under BPC § 11238, the developer shall attach this cancellation notice to the face page of every copy of a time-share public report given to a prospective purchaser and

each notice shall also contain all developer-related information completed by the developer, as applicable, above; this form may be used by a purchaser to cancel the sale of the time-share interest as per first paragraph above.

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Part number 2 for submitting California Form Re 615

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