§ 5-3-403 — Form of agreement or offer - statement of buyer's rights

Colorado § 5-3-403

• Jurisdiction: Colorado
• Title 05: Consumer
• Art.: Regulation of Agreements and Practices

Text

(1) In a
home solicitation sale, unless the buyer requests the seller to provide goods or
services without delay in an emergency, the seller must present to the buyer, and
obtain his signature to, a written agreement or offer to purchase that designates as
the date of the transaction the date on which the buyer actually signs and contains
a statement of the buyer's rights that complies with subsection (2) of this section. A
copy of any writing required by this subsection (1) to be signed by the buyer,
completed at least as to the date of the transaction and the name and mailing
address of the seller, shall be given to the buyer at the time the buyer signs the
writing.

(2) The statement shall comply with any notice of cancellation or a similar
requirement of any trade regulation rule of the federal trade commission that by its
terms applies to the home solicitation sale.

(3) Until the seller has complied with this section, the buyer may cancel the
home solicitation sale by notifying the seller in any manner and by any means of the
buyer's intention to cancel; except that the buyer's right of cancellation shall expire
three years after the date of the consummation of the home solicitation sale,
notwithstanding the fact that the seller has not complied with this part 4.

Legislative History

Source: L. 2000: Entire article R&RE, p. 1223, � 1, effective July 1.