C.R.S. Section 5-3-403
Form of agreement or offer

  • statement of buyer’s 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 that designates as the date of the transaction the date on which the buyer actually signs and contains a statement of the buyer’s rights that complies with subsection (2) of this section. A copy of any writing required by this subsection (1) to be signed by the buyer, completed at least as to the date of the transaction and the name and mailing address of the seller, shall be given to the buyer at the time the buyer signs the writing.

(2)

The statement shall comply with any notice of cancellation or a similar requirement of any trade regulation rule of the federal trade commission that by its terms applies to the home solicitation sale.

(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 the buyer’s intention to cancel; except that the buyer’s right of cancellation shall expire three years after the date of the consummation of the home solicitation sale, notwithstanding the fact that the seller has not complied with this part 4.

Source: Section 5-3-403 — Form of agreement or offer - statement of buyer’s rights, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-05.­pdf (accessed Oct. 20, 2023).

5‑3‑101
Applicability - information required 5‑3‑102
Notice of assignment 5‑3‑103
Change in terms of revolving credit accounts 5‑3‑104
Receipts - statements of account - evidence of payment 5‑3‑105
Notice to cosigners and similar parties 5‑3‑106
Disclosures for real estate secured consumer credit transactions 5‑3‑107
Disclosures for consumer credit sale secured by a motor vehicle 5‑3‑108
Written agreement required 5‑3‑109
Records 5‑3‑110
Advertising 5‑3‑111
Use of credit scores 5‑3‑201
Security in sales or leases 5‑3‑202
Cross-collateral 5‑3‑203
Debt secured by cross-collateral 5‑3‑204
Restrictions on interest in land as security 5‑3‑205
Use of multiple agreements 5‑3‑206
No assignment of earnings 5‑3‑207
Authorization to confess judgment prohibited 5‑3‑208
Balloon payments 5‑3‑209
Referral sales 5‑3‑210
Discrimination prohibited - exemption 5‑3‑301
Restriction on liability in consumer lease 5‑3‑302
Limitation on default charges 5‑3‑303
Assignee subject to claims and defenses 5‑3‑304
Use of account - constructive assent to terms 5‑3‑305
Advance payment to reserve lodging and motor vehicle rental services - notice to consumer required 5‑3‑401
Definitions - “home solicitation sale” 5‑3‑402
Buyer’s right to cancel 5‑3‑403
Form of agreement or offer - statement of buyer’s rights 5‑3‑404
Restoration of down payment 5‑3‑405
Duty of buyer - no compensation for services prior to cancellation 5‑3‑501
Scope 5‑3‑502
Form of insurance premium loan agreement 5‑3‑503
Notice of cancellation
Green check means up to date. Up to date

Current through Fall 2024

§ 5-3-403’s source at colorado​.gov