STATE OF CALIFORNIA
DEPARTMENT OF REAL ESTATE
TIME-SHARE PUBLIC REPORT PREPARATION
RE 622H (Rev. 6/05)
GENERAL INFORMATION
Public report preparation
Section 11234 of the Business and Professions Code (B&P Code) states a developer shall prepare, for issuance by the
Commissioner, a public report that shall fully and accurately disclose those facts concerning the time-share developer and
time-share plan that are required by this chapter or by regulation. The developer shall provide the public report to each
purchaser of a time-share interest in any time-share plan at the time of purchase. The public report shall be in writing and
dated and shall require the purchaser to certify in writing the receipt thereof. For time-share plans located outside of the
state, a public report that has been authorized for use by the situs state regulatory agency that contains disclosures as
determined by the Commissioner upon review to be substantially equivalent to or greater than the information required to
be disclosed pursuant to this section may be used by the developer to meet the requirements of this section.
The following information and the referenced DRE forms have been developed as a guide in preparation of the public
report to be submitted with the time-share registration. Please submit a paper and electronic version of the completed
public report for DRE review with all exhibits attached thereto. Note: An electronic version includes either a Microsoft
Word document submitted on floppy disc or CD, or the public report may be submitted by e-mail to:
Public report format outline
Submit all public reports for DRE review in the format outlined below.
1. Notice of Cancellation Rights
2. Public Report Table of Contents
3. Time-share Plan Disclosures — Part I (For all time-share plans; use RE 622I.)
4. Time-share Plan Disclosures — Part II (1, 2, and 3)
A. For single site time-share plans, use RE 622J-1
B. For multi-site/specific time-share interest plan use RE 622J-2 and an RE 622J-1 for those component sites that
are offered in California.
C. For multi-site/or non-specific time-share interest plan use RE 622J-3.
5. Additional developer disclosures (optional)
6. Exhibits
Notice of Cancellation Rights
To inform a purchaser of his or her right of cancellation under B&P Code Section 11238, the developer shall attach to the
face page of every copy of a public report given to a prospective purchaser, the cancellation notice printed in conspicuous
type.
The form and content of the notice shall be as follows:
NOTICE OF CANCELLATION RIGHTS
You may cancel the purchase of the time-share interest(s) in the time-share plan identified below without
any penalty or obligation and are legally entitled to the return of all money and other considerations that
you have given toward the purchase. If you decide to cancel your purchase, you must notify the developer
in writing of your intent to cancel within seven calendar days of receipt of the public report or the date
you sign the purchase contract, whichever date is later. Your notice of cancellation shall be effective