If you are a resident of Florida, you may be familiar with the “Florida 3 Day Right to Cancel Contract”. This law allows consumers to cancel certain types of contracts within three business days without penalty. But what is this law, and how does it work?
First, it`s important to understand which contracts fall under this law. According to the Florida Department of Agriculture and Consumer Services, the following types of contracts are covered:
– Contracts for the sale of goods or services for personal, family, or household use that cost more than $25 and are made at a location other than the seller`s permanent place of business
– Contracts for home solicitation sales, which are sales made in the consumer`s home or at a location other than the seller`s permanent place of business
– Contracts for the sale of services related to home construction or repair
If you sign a contract for one of these types of transactions, the seller must provide you with a “Notice of Right to Cancel” or a similar form that explains your right to cancel the contract within three business days. You can cancel the contract for any reason within that time period, and you do not need to give the seller a reason for cancellation.
To cancel the contract, you must provide written notice to the seller within three business days of signing the contract. The notice can be delivered in person, by mail, or by another method specified in the contract. If you mail the notice, it must be postmarked within three business days of signing the contract.
Once the seller receives your notice of cancellation, they must refund any payments you have made within 10 days. The seller may also need to retrieve any goods or items they provided as part of the contract.
It`s important to note that the Florida 3 Day Right to Cancel Contract does not apply to all types of transactions. For example, contracts for real estate, insurance, and securities are generally not covered by this law. Additionally, if the seller`s permanent place of business is located in Florida, this law may not apply.
If you are considering signing a contract for a purchase or service in Florida, it may be helpful to familiarize yourself with the Florida 3 Day Right to Cancel Contract. This law can provide consumers with important protections and an opportunity to reconsider a purchase or service before committing to it.