Educational Consumer Tips

3 Day Cooling Off Period

Author: Better Business Bureau
Published:

The "cooling off" period for cancellation of contracts applies only towards door-to-door sales and prepaid entertainment agreements, such as dating or martial arts services, five day cancellation regarding business opportunity plans.
Always cancel by certified mail so you have a receipt showing that the company did receive your cancellation.
When signing or agreeing to a contract, the company should supply you with a cancellation policy or agreement.
NOT included in this rule are sales involving: * Real Estate, Insurance or Securities

* Automobiles, vans, trucks or other motor vehicles sold at temporary locations

* Arts or crafts sold at fairs or shopping malls, civic centers or schools.
IF YOU HAVE A COMPLAINT WRITE:
Consumer Response Center FTC Washington DC 20580