Connecticut § 42-103pp Cancellation of purchase contract.

Connecticut Statutes

§ 42-103pp — Cancellation of purchase contract.

Connecticut § 42-103pp

Title 42Business, Selling, Trading and Collection Practices

Ch. 734bTime Shares

This text of Connecticut § 42-103pp (Cancellation of purchase contract.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 42-103pp (2026).

Text

(a)A purchaser may cancel a purchase contract before midnight of the fifth calendar day after the date the purchaser signs and receives a copy of the purchase contract or receives the required time share disclosure statement, whichever is later. A developer may offer a cancellation period that is longer than five calendar days if required in the jurisdiction where the time share property is located.

(b)A purchaser shall not waive any right of cancellation under this section. A contract containing a waiver is voidable by the purchaser.

(c)If a purchaser elects to cancel a purchase contract under this section, the purchaser may do so by hand-delivering notice of cancellation to the developer, by mailing notice by prepaid United States mail or by faxing notice to the developer or to the de

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(a) A purchaser may cancel a purchase contract before midnight of the fifth calendar day after the date the purchaser signs and receives a copy of the purchase contract or receives the required time share disclosure statement, whichever is later. A developer may offer a cancellation period that is longer than five calendar days if required in the jurisdiction where the time share property is located. (b) A purchaser shall not waive any right of cancellation under this section. A contract containing a waiver is voidable by the purchaser. (c) If a purchaser elects to cancel a purchase contract under this section, the purchaser may do so by hand-delivering notice of cancellation to the developer, by mailing notice by prepaid United States mail or by faxing notice to the developer or to the developer's agent for service of process or by providing notice by overnight common carrier delivery service to the developer or the developer's agent for service of process. (d) Cancellation shall be without penalty, and all payments made by the purchaser before cancellation shall be refunded and any negotiable instrument executed by the purchaser shall be returned not later than twenty business days after the date on which the developer receives a timely notice of cancellation or on or before the fifth day after the date the developer receives good funds from the purchaser, whichever is later.