Section 337-C. Right to cancel

Every contract or agreement for the sale
  or lease of subdivided lands shall expressly grant to the  purchaser  or
  lessee  the  absolute  right  to cancel the contract or agreement within
  seven days following the signing of the contract or agreement, by giving
  the subdivider notice of cancellation  at  the  address  listed  in  the
  offering  statement  filed by the subdivider, by registered or certified
  mail return receipt requested.  Within ten days of  receipt  of  such  a
  notice  of  cancellation the subdivider shall return to the purchaser or
  lessee all consideration paid or delivered on account of  such  contract
  or agreement.