Ill. Admin. Code tit. 14, § 485.50 - Contracts: Time and Manner of Cancellation
A person subject to this Part shall provide the consumer with a contract written in English and in the language of the consumer. The contract shall state a time and manner for cancellation as follows:
a) Time for Cancellation: 3-Day Right of
Cancellation. The contract for services must inform the consumer that s/he may
rescind the contract within 72 hours, or 3 business days, after entering into
the contract. This right of cancellation is in addition to any right of
cancellation provided for by Section 2B of the Consumer Fraud and Deceptive
Business Practices Act [815 ILCS 505/2B ] or any other
statute.
b) Business Day Defined.
For purposes of calculating the 3-day period discussed in subsection (a) above:
1) Sunday shall not be calculated as a
business day.
2) Saturday shall be
calculated as a business day.
c) Manner of Cancellation. The contract must
inform the consumer how s/he may cancel the contract for services.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.