A contract can be canceled within 15 days of receiving the public offering statement. However, if you get the public offering statement more than 15 days before signing a contract, you cannot cancel the purchase. (Alaska Stat. § 34.08.580(a).)

To cancel your timeshare purchase, you must:

• hand-deliver notice of the cancellation to the seller, or
• mail notice of the cancellation by prepaid United States mail to the seller or the seller’s agent for service of process. (Alaska Stat. § 34.08.580(b).)

The seller cannot charge you a cancellation penalty and must refund your payments promptly. (Alaska Stat. § 34.08.580(b).)