A developer must provide at least how many days' notice before making a material change in the timeshare plan?

The requirement for a developer to provide at least 10 days' notice before making a material change in the timeshare plan is grounded in the principle of ensuring transparency and fairness for the timeshare owners. This notice period allows owners to be adequately informed about changes that may affect their rights or interests in the property.

By mandating a 10-day notice, the regulation aims to give timeshare owners the opportunity to understand the implications of the changes and make informed decisions about their investments. This could involve seeking further clarification from the developer, discussing potential concerns with other owners, or considering whether the changes align with their expectations of the timeshare experience. The notice period serves as a safeguard to maintain trust between the developers and the owners, fostering a better relationship through clear communication.

The other choices—5 days, 15 days, and 30 days—do not align with the established regulatory requirement, which emphasizes the importance of thorough notification while balancing the need for developers to implement necessary changes in a timely manner.