Sec. 12. If the consumer exercises the right to cancel under this chapter, the supplier shall, within ten (10) business days after the notice of cancellation is delivered, return to the consumer any payment or other consideration transferred to the supplier by the consumer. However, if the transaction constitutes a real property improvement contract under IC 24-5-11 and if the real property improvement has been made on an emergency basis within three (3) days after final agreement to the contract, the supplier is entitled to recover from the consumer the fair market value of the material and labor involved to alleviate the emergency.
As added by P.L.251-1987, SEC.2. Amended by P.L.170-2017, SEC.3.
Structure Indiana Code
Chapter 10. Home Solicitation Sales
24-5-10-1. "Business Day" Defined
24-5-10-3. "Consumer Transaction" Defined
24-5-10-4. "Home Consumer Transaction" Defined
24-5-10-7. "Subject of a Consumer Transaction" Defined
24-5-10-8. Cancellation of Transaction; Notice to Supplier
24-5-10-9. Cancellation Rights; Notice to Consumer
24-5-10-10. Supplier's Address Change as Defense
24-5-10-13. Repossession by Supplier; Conditions
24-5-10-14. Mitigation of Damages