2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
515A.4-1075 PURCHASER'S RIGHT TO CANCEL.
(a) The information required to be delivered by section 515A.4-107 shall be delivered to
a purchaser not later than the date of any purchase agreement. Unless a purchaser is given the
information more than 15 days prior to the execution of the purchase agreement for the unit the
purchaser may, prior to the conveyance, cancel the agreement within 15 days after receiving
the information.
(b) A purchaser who elects to cancel a purchase agreement pursuant to subsection (a), may
do so by hand delivering notice thereof to the seller or the seller's agent or by mailing notice
thereof by postage prepaid United States mail to the seller or the agent. Cancellation is without
penalty and all payments made by the purchaser shall be refunded promptly.
History: 1980 c 582 art 4 s 515.4-1075; 1986 c 444
(a) The information required to be delivered by section 515A.4-107 shall be delivered to
a purchaser not later than the date of any purchase agreement. Unless a purchaser is given the
information more than 15 days prior to the execution of the purchase agreement for the unit the
purchaser may, prior to the conveyance, cancel the agreement within 15 days after receiving
the information.
(b) A purchaser who elects to cancel a purchase agreement pursuant to subsection (a), may
do so by hand delivering notice thereof to the seller or the seller's agent or by mailing notice
thereof by postage prepaid United States mail to the seller or the agent. Cancellation is without
penalty and all payments made by the purchaser shall be refunded promptly.
History: 1980 c 582 art 4 s 515.4-1075; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes