What happens to a purchaser's rights if the Public Offering Statement is not provided?

When a Public Offering Statement is not provided to a purchaser in a timeshare transaction, the rights of the purchaser are significantly impacted. Specifically, the contract cannot be enforced against the developer. This means that the developer cannot hold the purchaser to the terms of the contract, as the absence of the Public Offering Statement is a violation of the regulatory requirements that govern timeshare sales.

The Public Offering Statement is a critical document that discloses vital information about the timeshare, such as the rights of the purchasers, the nature of the property, and the obligations of the developer. Without this document, the purchaser is left without essential information necessary for making an informed decision. Therefore, the law typically empowers the purchaser with certain rights, including the ability to not be bound by the agreement, thus rendering the contract unenforceable against the developer.

Other options presented do not accurately reflect the implications of not providing a Public Offering Statement. For instance, the contract remaining valid without consequence does not recognize the legal protections afforded to the purchaser. Saying the contract is automatically void oversimplifies the situation, as it specifically requires non-enforcement rather than outright invalidity. Similarly, the notion that the purchaser loses the ability to cancel misrepresents the regulatory intent; rather