555A.3 Cancellation. Every seller shall furnish each buyer, at the time the buyer signs the door-to-door sales contract or otherwise agrees to buy consumer goods or services from the seller, a completedform in duplicate, captioned 'Notice of Cancellation', which shall be attached to the contractor receipt and easily detachable, and which shall contain in ten point boldface type thefollowing information and statements in the same language as that used in the contract: NOTICE OF CANCELLATION ....................................................(enter date of transaction) You may cancel this transaction, without any penalty or obligation, within three business days from the above date. If you cancel, any property traded in, any payments made by you under the contract or sale, and any negotiable instrument executedby you will be returned within ten business days following receiptby the seller of your cancellation notice, and any security interestarising out of the transaction will be canceled. If you cancel, you must make available to the seller at your residence, in substantially as good condition as when received, anygoods delivered to you under this contract or sale; or you may anceled. If you cancel, you must make available to the seller at your residence, in substantially as good condition as when received, anygoods delivered to you under this contract or sale; or you may ifyou wish, comply with the instructions of the seller regarding thereturn shipment of the goods at the seller’s expense and risk. If you do not agree to return the goods to the seller or if the seller does not pick them up within twenty days of the date of your noticeof cancellation, you may retain or dispose of the goods without anyfurther obligation. To cancel this transaction, mail or deliver a signed and dated copy of this cancellation notice or any other written notice, or send atelegram, to ........................, (Name of seller) at ................................(Address of seller’s place of business) not later than midnight of........................ (Date).I hereby cancel this transaction.................................................(Date)............................................(Buyer’s signature) [C75, 77, §713B.3; C79, 81, §82.3]C93, §555A.3Referred to in §551A.3, 552A.3 Sat Dec 23 11:04:12 2023 Iowa Code 2024, Section 555A.3 (18, 0)
Iowa Legal Code