551A.6 Cancellation of contract.
The purchaser has the right to cancel a contract with a seller for a business opportunity for any reason at any time within three business days of the date the purchaser signs the contract or the date the contract is accepted by the seller whichever is later. The notice of the right to cancel, the seller’s obligation to provide the purchaser with cancellation forms, and the procedures to be followed when a contract is canceled shall be the same as the procedures in chapter 555A for door-to-door sales.
[81 Acts, ch 171, §6]
C83, §523B.6
2004 Acts, ch 1104, §30
C2005, §551A.6
Referred to in §551A.3
Structure Iowa Code
Chapter 551A - BUSINESS OPPORTUNITY PROMOTIONS
Section 551A.3 - Disclosure documents — contracts.
Section 551A.4 - Exemptions from requirements — burden of proof.
Section 551A.5 - Waiver of rights.
Section 551A.6 - Cancellation of contract.
Section 551A.7 - Service of process — irrevocable consent.
Section 551A.8 - Liability — remedies.