A Public Offering Statement must be provided to each purchaser of a Time-Share Interval:

A Public Offering Statement is a vital document in time-share sales as it provides critical information about the property, including its rights, restrictions, and costs. The law mandates that this statement must be delivered to potential buyers to ensure they have adequate information before making a commitment.

The correct choice is that the Public Offering Statement must be provided to each purchaser no later than the date of the sales contract. This ensures that potential buyers have access to all necessary information at the moment they are making their decision. By requiring the disclosure at or before signing, the law seeks to protect consumers from high-pressure sales tactics and uninformed purchases.

Providing it after signing a contract could leave buyers without crucial information when they need it most, undermining their ability to make an informed choice. The specific requirement for timing emphasizes the importance of transparency in the time-share industry, allowing buyers to review all relevant details just as they are about to commit to the purchase. This requirement enhances consumer protection and promotes informed decision-making.