What is the time frame for a timeshare resort to amend an incomplete or inadequate public offering statement?

The time frame for a timeshare resort to amend an incomplete or inadequate public offering statement is indeed set at 45 days. This stipulation is designed to protect consumers by ensuring that they receive accurate and complete information about the timeshare property in a timely manner. The law mandates this period to allow resorts sufficient time to rectify any deficiencies in their public offering statements, which can include financial disclosures, property details, and consumer rights information.

Delays beyond this period could put potential buyers at a disadvantage, as they rely on the integrity and accuracy of these documents to make informed decisions. Thus, the 45-day requirement serves to maintain accountability within the timeshare industry and uphold consumer protection measures.