The developer shall give written notice to the prospective purchaser that the application for registration and public offering statement have been registered by the Agency, enclosing a copy of the public offering statement, and notify the prospective purchaser that he or she must enter into a contract or agreement of sale within a specific period of time, no less than 15 days, or the nonbinding reservation will expire and his or her money will be refunded.
N.J. Admin. Code § 5:26-10.7
See: 27 New Jersey Register 4478(a), 28 New Jersey Register 1226(a).