Colorado § 6-1-1114 Notice of cancellation

Colorado Statutes

§ 6-1-1114 — Notice of cancellation

Colorado § 6-1-1114

Title 06Consumer

Art.Colorado Consumer Protection Act

This text of Colorado § 6-1-1114 (Notice of cancellation) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 6-1-1114 (2026).

Text

(1)(a) The contract shall contain, as the last provision before the space reserved for the home owner's signature, a conspicuous statement in at least twelve-point bold-faced type, as follows: You may cancel this contract for the sale of your house without any penalty or obligation at any time before (Date and time of day). See the attached notice of cancellation form for an explanation of this right.

(b)The equity purchaser shall accurately specify the date and time of day on which the cancellation right ends.

(2)The contract shall be accompanied by duplicate completed forms, captioned notice of cancellation in at least nine-point bold-faced type if the contract is printed or in capital letters if the contract is typed, followed by a space in which the equity purchaser shall

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(1) (a) The contract shall contain, as the last
provision before the space reserved for the home owner's signature, a conspicuous
statement in at least twelve-point bold-faced type, as follows:

You may cancel this contract for the sale of your house without any penalty or
obligation at any time before (Date and time of day). See the attached
notice of cancellation form for an explanation of this right.

(b) The equity purchaser shall accurately specify the date and time of day on
which the cancellation right ends.

(2) The contract shall be accompanied by duplicate completed forms,
captioned notice of cancellation in at least nine-point bold-faced type if the
contract is printed or in capital letters if the contract is typed, followed by a space
in which the equity purchaser shall enter the date on which the home owner
executed the contract. Such form shall:

(a) Be attached to the contract;

(b) Be easily detachable; and

(c) Contain the following statement, in at least nine-point type if the contract
is printed or in capital letters if the contract is typed:

NOTICE OF CANCELLATION

(Enter date contract signed). You may cancel this contract for the sale of
your house, without any penalty or obligation, at any time before (Enter
date and time of day). To cancel this transaction, personally deliver a signed and
dated copy of this Notice of Cancellation in the United States mail, postage
prepaid, to , (Name of purchaser) at (Street address
of purchaser's place of business) NOT LATER THAN (Enter date and time
of day). I hereby cancel this transaction (Date) (Seller's
signature)

(3) The equity purchaser shall provide the home owner with a copy of the
contract and the attached notice of cancellation.

(4) Until the equity purchaser has complied with this section, the home
owner may cancel the contract.

Legislative History

Source: L. 2006: Entire part added, p. 1340, � 1, effective May 30. L. 2010: IP(2) and IP(2)(c) amended, (HB 10-1133), ch. 350, p. 1617, � 6, effective January 1, 2011.