Okla. Stat. tit. 14A, § 14A-2-503

This is the official text of Okla. Stat. tit. 14A, § 14A-2-503, part of Oklahoma’s Stat. tit. 14A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 14A,." Browse the sections below, each linked to its official government source.

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Form of agreement or offer - Statement of buyer's

Official statutory text

rights.

(1) In a home solicitation sale, unless the buyer requests the

seller to provide goods or services without delay in an emergency,

the seller must present to the buyer and obtain his signature to a

written agreement or offer to purchase which designates as the date

of the transaction the date on which the buyer actually signs and

contains a statement of the buyer's rights which complies with

subsection (2).

(2) The statement must

(a) appear under the conspicuous caption "BUYER'S RIGHT TO

CANCEL"; and

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 76

(b) read as follows: "If this agreement was solicited at

your residence and you do not want the goods or

services, you may cancel this agreement by mailing a

notice to the seller. The notice must say that you do

not want the goods or sevices and must be mailed

before midnight of the third business day after you

sign this agreement. The notice must be mailed to:

___________________________________________.

(Insert name and mailing address of seller)

If you cancel, the seller may keep all or part of your

cash down payment not to exceed five percent (5%) of

the cash price."

(3) 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 his intention to cancel.

Status: in_force · Read it on the official government site

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