Seniors are often targeted by door-to-door solicitations. Door-to-door solicitations are defined as a sale made by a seller at a place other than the seller’s place of business. However, these sales do not include transactions conducted completely by mail or telephone.
Sellers must provide the buyer with a fully completed receipt or a copy of the contract at the time the sale is executed. The receipt must show the sellers name and address and must contain the following language in bold type:
You, the buyer, may cancel the transaction at any time prior to midnight of the third business day after the date of the transaction. See the attached notice of cancellation form for explanation of this right.
It is unlawful for any seller to inform a buyer orally at the time of the sale about the right to cancel or to return all payments within 10 days after receipt of the buyer’s notice of cancellation.