2006 Minnesota Statutes

325G.08 WRITING REQUIRED; NOTICE OF RIGHT TO CANCEL; NOTICE OF
CANCELLATION.
    Subdivision 1. Seller's obligations. In a home solicitation sale, at the time the sale occurs,
the seller shall:
(a) inform the buyer orally of the right to cancel;
(b) furnish the buyer with a fully completed receipt or copy of a contract pertaining to the
sale which shows the date of the transaction, contains the name and address of the seller, and in
immediate proximity to the space reserved in the contract for the signature of the buyer or on the
front page of the receipt if a contract is not used and in boldface type of a minimum size of ten
points, a statement in substantially the following form:
"You, the buyer, may cancel this purchase at any time prior to midnight of the third business
day after the date of this purchase. See attached notice of cancellation form for an explanation of
this right."; and
(c) furnish each buyer a fully completed form in duplicate, captioned, "NOTICE OF
CANCELLATION," which shall be attached to the contract or receipt and easily detachable, and
which shall contain in boldface type of a minimum size of ten points the following information
and statements:

		"NOTICE OF CANCELLATION
		(enter type of goods or services purchased)
		(goods or services)
		(enter date of transaction)
		(date)

If you do not want the goods or services described above, you may cancel your purchase
by mailing or delivering a signed and dated copy of this cancellation notice or any other written
notice, or send a telegram to (Name of seller), at (Address of Seller's Place of Business) not later
than midnight of (Date). If you cancel, any payments made by you under the contract or sale, any
property traded in, and any instrument executed by you will be returned within ten business days
following receipt by the seller of your cancellation notice, and any security interest arising 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, any goods delivered to you under this contract or sale; or you
may, if you wish, comply with the written instructions of the seller regarding the return shipment
of the goods at the seller's expense and risk.
If the seller does not pick up the goods within 20 days of the date of your notice of
cancellation, you may retain or dispose of them without any further obligation.

	I HEREBY CANCEL THIS TRANSACTION.
	(Date)
		"
		(Buyer's signature)

    Subd. 2. Alternative cancellation notice. In lieu of the notice of cancellation required
by subdivision 1, the seller may provide a notice which conforms to applicable federal law or
regulation so long as it provides the information required by subdivision 1. Until the seller has
complied with this section the buyer may cancel the home solicitation sale by notifying the seller
in any manner and by any means of the intention to cancel.
History: 1973 c 443 s 3; 1986 c 444