When is the Public Offering Statement required to be given to the purchaser of a timeshare?

The requirement for a Public Offering Statement to be given to the purchaser of a timeshare is rooted in consumer protection laws. A Public Offering Statement provides essential information about the timeshare, including details about the property, the rights and obligations of the purchasers, and any fees associated with the timeshare.

Providing it to every purchaser ensures that all potential buyers have access to the same critical information, allowing them to make informed decisions. This transparency is crucial in the timeshare industry, where buyers often commit significant financial resources.

While it may seem sufficient for the document to be provided at specific points, such as prior to the closing date or at the time of investment, offering it to all buyers at any stage emphasizes the importance of informed consent and buyer awareness. This approach helps mitigate potential misunderstandings or dissatisfaction after the purchase, supporting ethical practices within the industry.