Notice
of buyer's right to cancel home solicitation sales agreement.
"You, the buyer, may cancel this transaction at
any time prior to midnight of the third business day after the date of this
transaction. See the attached notice of cancellation form for an explanation of
this right."
Notice of Cancellation
[Enter date of transaction]
You may cancel this transaction, without any penalty
or obligation, within three business days from the above date.
If you cancel, any property traded in, any payments
made by you under the contract or sale, and any negotiable instrument executed
by you will be returned within 10 business days following receipt by the seller
of your cancellation notice, and any security interest arising out of the
transaction will be cancelled.
If you cancel, you must make available to the seller
at your residence, in substantially as good condition as when received, any
goods delivered to you under this contract or sale; or you may if you wish,
comply with the instructions of the seller regarding the return shipment of the
goods at the seller's expense and risk.
If you do make the goods available to the seller and
the seller does not pick them up within 20 days of the date of your notice of
cancellation, you may retain or dispose of the goods without further
obligation. if you fail to make the goods available to the seller, or if you
agree to return the goods to the seller and fail to do so, then you may remain
liable for performance of all obligations under the contract.
To cancel this transaction, mail or deliver a signed
and dated copy of this cancellation notice or any other written notice, or send
a telegram, to [name of seller], at [address of seller's place of business] not
later than midnight of _________(date).
I, by this notice, cancel this transaction.
(Date)
_________(Buyer's signature)