ed in the timeshare plan shall be categorized by the number of bedrooms, the number of bathrooms, and sleeping capacity, and shall include a statement indicating whether the accommodation contains a full kitchen, which means a kitchen that has a minimum of a dishwasher, range, sink, oven, and refrigerator. If the accommodations are proposed or incomplete, a schedule for commencement, completion, and availability of the accommodations shall be provided;
(4)A description of any existing or proposed amenities of the timeshare plan and, if the amenities are proposed or incomplete, a schedule for commencement, completion, and availability of the amenities;
(5)The extent to which financial arrangements have been provided for the completion of all promised accommodations and amenities that are committed to be built;
(6)A description of the method and timing for performing maintenance of the accommodations;
(7)A statement indicating that, on an annual basis, the sum of the nights that purchasers are entitled to use the accommodations does not exceed the number of nights the accommodations are available for use by the purchasers;
(8)A description of the method by which purchasers’ use of the accommodations is scheduled;
(9)A statement that an association exists or is expected to be created or that such an association does not exist and is not expected to be created and, if such an association exists or is reasonably contemplated, a description of its powers and responsibilities;
(10)A statement that within seven days after receipt of the public offering statement or after execution of the purchase contract, whichever is later, a purchaser may cancel any purchase contract for a timeshare interest from a developer together with a statement providing the name and street address to which the purchaser should mail any notice of cancellation. However, if by agreement of the parties by and through the purchase contract, the purchase contract allows for cancellation of the purchase contract for a period of time exceeding seven days, then the public offering statement shall include a statement that the cancellation of the purchase contract is allowed for that period of time exceeding seven days;
(11)Copies of the following documents, if applicable, including any amendments to the documents, unless separately provided to the purchaser simultaneously with the public offering statement:
(a)the timeshare instrument;
(b)the association articles of incorporation;
(c)the association bylaws; (d)the association rules; and
(e)any lease or contract, excluding the purchase contract and other loan documents required to be signed by the purchaser at closing;
(12) The name and principal address of the managing entity and a description of the procedures, if any, for altering the powers and responsibilities of the managing entity and for removing or replacing it;
(13) The current annual budget, if available, or the projected annual budget for the timeshare plan. The budget shall include:
(a)a statement of the amount reserved or budgeted for repairs or replacements, if any;
(b)the projected common expense liability, if any, by category of expenditure for the timeshare plan; and
(c)a statement of any services or expenses not reflected in the budget that the developer provides or pays;
(14) The projected assessments and a description of the method for calculating and apportioning those assessments among purchasers;
(15) Any initial or special fee due from the purchaser at closing, together with a description of the purpose and method of calculating the fee;
(16) A description of any lien, defect, or encumbrance on or affecting title to the timeshare interest and, if applicable, a copy of each written warranty provided by the developer;
(17) A description of any bankruptcy that is pending or which has occurred within the past five years, pending civil or criminal proceeding, adjudication, or disciplinary action material to the timeshare plan of which the developer has knowledge;
(18) A description of any financing offered by or available through the developer;
(19) Any current or anticipated fees or charges to be paid by timeshare purchasers for the use of any accommodations or amenities related to the timeshare plan, and a statement that the fees or charges are subject to change;
(20) A description and amount of insurance coverage provided for the protection of the purchaser;
(21) The extent to which a timeshare interest may become subject to a tax lien or other lien arising out of claims against purchasers of different timeshare interests;
(22) A description of those matters required by section 18 [C.45:15-16.67] of this act;