44-1797.11. Cancellation of contract; time;
definition
A. Each contract for discount buying services shall further provide that such
contract may be canceled at any time within three business days after the date of receipt
by the buyer of a copy of the contract, such time to be computed exclusive of the date of
receipt of the contract.
B. Cancellation occurs when the buyer gives written notice of cancellation in
person or by telegram to the seller at the address specified for notice of cancellation
provided by the seller or when such written notice bearing such address is deposited in
the United States mail by either ordinary mail or registered mail. Notice of
cancellation is effective as of the date of the postmark affixed by the United States
postal service.
C. Notice of cancellation given by the buyer is effective if it indicates the
intention on the part of the buyer not to be bound by the contract for discount buying
services. Monies paid pursuant to the contract in excess of twenty-five dollars shall be
refunded within fifteen business days of the date notice of cancellation is given.
D. Every contract for discount buying services shall be subject to the cancellation
privileges provided by this article.
E. For the purposes of this section, "business days" does not include Sundays or
the federal holidays of New Year's Day, Memorial Day, Independence Day, Labor Day,
Columbus Day, Veterans' Day, Thanksgiving Day, Christmas Day, or Washington's Birthday.
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