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The California RE 615 form is a crucial document for anyone considering the purchase of a time-share interest in the state. This form outlines your rights to cancel your purchase without facing any penalties or obligations. If you decide to back out, you have a seven-day window to notify the developer in writing. This notification period begins from the later of two dates: when you receive the public report or when you sign the purchase contract. It’s important to send your cancellation notice to the address or fax number specified in your contract, as your cancellation will take effect on the date it is sent. The form also emphasizes that any attempt to waive these cancellation rights is invalid, ensuring that your rights are protected under the law. Additionally, developers are required to attach this cancellation notice to the public report they provide to potential buyers, making sure you have all the necessary information at your fingertips. Understanding the RE 615 form can empower you to make informed decisions about your time-share investment.