What statement must be printed above the purchaser's signature in a timeshare sale contract?

In a timeshare sale contract, it is essential that the purchaser is made aware of their rights regarding the cancellation of the contract. The statement that a purchaser may cancel the contract of sale by providing written notice until midnight of the fifth calendar day is significant because it gives the consumer a specific window of time to reconsider their decision. This is an important consumer protection measure that acknowledges that buyers may need time to think about their purchase before it becomes final, helping to prevent impulsive decisions that they might regret later.

This clause promotes transparency and ensures that potential buyers are educated about their rights, allowing them to make more informed decisions. Providing this information above the purchaser's signature reinforces the importance of their right to cancel, thereby enhancing consumer confidence in the process.