| Jurisdiction | UK Non-devolved |
| Citation | 1992 c. 35 |
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(1) A person must not in the course of a business enter into a timeshare agreement to which this Act applies as offeror unless F5the offeree has received the agreement and it complies with the following requirements.that the offeree is entitled to give notice of cancellation of the agreement to the offeror at any time on or before the date specified F7in the agreement, being a day falling not less than fourteen days after the day on which the agreement is entered into, andthat if the offeree gives such a notice to the offeror on or before that date he willF8(subject to section 5(9) of this Act) have no further rights or obligations under the agreement, but will have the right to recover any sums paid under or in contemplation of the agreement.(2A) If the agreement includes provision for providing credit for or in respect of the offeree, it must state that, notwithstanding the giving of notice of cancellation under section 5 or 5A of this Act, so far as the agreement relates to repayment of the credit and payment of interest, it will continue to be enforceable, subject to section 7 of this Act.the price under the timeshare agreement is covered fully or partly by credit granted under a timeshare credit agreement to which this Act applies,the offeree is an individual, andthe accommodation which is the subject of the timeshare agreement is accommodation in a building, or some or all of the accommodation in the pool of accommodation which is the subject of the agreement is accommodation in a building.the notice will also have the effect of cancelling the timeshare credit agreement,so far as the timeshare credit agreement relates to repayment of credit and payment of interest, it shall have effect subject to section 7 of this Act, andsubject to paragraph (b) above, the offeree will have no further rights or obligations under the timeshare credit agreement.the offeree is an individual, andthe accommodation which is the subject of the timeshare agreement is accommodation in a building, or some or all of the accommodation in the pool of accommodation which is the subject of the agreement is accommodation in a building.(2E) The agreement must state that the offeree may have, in addition to the rights mentioned in subsection (2) above, further rights under section 5A of this Act to cancel the timeshare agreement.(2F) The agreement must contain a blank notice of cancellation.on summary conviction, to a fine not exceeding the statutory maximum, andon conviction on indictment, to a fine.(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(1) A person must not in the course of a business enter into a timeshare credit agreement to which this Act applies as creditor unless F12the offeree has received the agreement and it complies with the following requirements.that the offeree is entitled to give notice of cancellation of the agreement to the creditor at any time on or before the date specified F14in the agreement, being a day falling not less than fourteen days after the day on which the agreement is entered into, andso far as the agreement relates to repayment of credit and payment of interest, it shall have effect subject to section 7 of this Act, andsubject to sub-paragraph (i) above, the offeree will have no further rights or obligations under the agreement.(the offeree is an individual, andthe accommodation which is the subject of the timeshare agreement to which the timeshare credit agreement relates is accommodation in a building, or some or all of the accommodation in the pool of accommodation which is the subject of that timeshare agreement is accommodation in a building.(5) The timeshare credit agreement must state that, if the offeree gives a notice under section 5 or 5A of this Act of cancellation of the timeshare agreement which has the effect of cancelling it, the notice will also have the effect of cancelling the timeshare credit agreement (with the same consequences as mentioned in subsection (2) (b) (i) and (ii) above) .(6) The agreement must contain a blank notice of cancellation.
