@neveroptedin You signed at your kitchen table last night — that deal can still be cancelled, but only for a few days. Do you know your window? #consume... See more
The claim
Under the FTC rule codified at 16 CFR Part 429 ("Rule Concerning Cooling-off Period for Sales Made at Homes or at Certain Other Locations"), a door-to-door sale of consumer goods or services with a purchase price of $25 or more at the buyer's residence, or $130 or more at locations other than the buyer's residence, may be cancelled at any time prior to midnight of the third business day after the date of the transaction, and it constitutes an unfair and deceptive act or practice for the seller to fail to furnish the buyer, at the time the buyer signs the contract or otherwise agrees to buy, a completed form in duplicate captioned either "Notice of Right to Cancel" or "Notice of Cancellation."
The receipt
A sale, lease, or rental of consumer goods or services in which the seller or his representative personally solicits the sale, including those in response to or following an invitation by the buyer, and the buyer's agreement or offer to purchase is made at a place other than the place of business of the seller (e.g., sales at the buyer's residence or at facilities rented on a temporary or short-term basis, such as hotel or motel rooms, convention centers, fairgrounds and restaurants, or sales at the buyer's workplace or in dormitory lounges), and which has a purchase price of $25 or more if the sale is made at the buyer's residence or a purchase price of $130 or more if the sale is made at locations other than the buyer's residence, whether under single or multiple contracts.
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.
In connection with any door-to-door sale, it constitutes an unfair and deceptive act or practice for any seller to: … (b) Fail to furnish each buyer, at the time the buyer signs the door-to-door sales contract or otherwise agrees to buy consumer goods or services from the seller, a completed form in duplicate, captioned either "NOTICE OF RIGHT TO CANCEL" or "NOTICE OF CANCELLATION,"
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].
What you can do
Check the paperwork for a completed form captioned "Notice of Right to Cancel" or "Notice of Cancellation" — in duplicate. The rule puts that obligation on the seller, not on you. Then look at the transaction date on the contract: the window the rule describes runs to midnight of the third business day after it.
Consumer info, not financial advice.