The Federal Trade Commission (``FTC'' or ``Commission'') has completed its regulatory review of the Trade Regulation (``Cooling-Off Rule'' or ``Rule'') as part of the Commission's systematic review of all current Commission regulations and industry guides. The Rule makes it an unfair and deceptive act or practice for a seller engaged in a door-to-door sale of consumer goods or services, with a purchase price of $25 or more, to fail to provide the buyer with certain oral and written disclosures regarding the buyer's right to cancel the contract within three business days from the date of the sales transaction. Based on the comments received, the Commission has determined to retain the Rule. In additi...
[...] the industry has grown, with new funding companies emerging each year.9 Many traditional lending institutions are unwilling to loan money to attorneys or their clients to cover expenses during a pending lawsuit, refusing to rely on a plaintiffs pending lawsuit as collateral.10 Traditional lenders consider these types of loans too "high risk" because they do not have the ability to asses the outcome of a case, the maturity date is unknown, and there are no interim payments to collect on the cash advance.11 Recovery could in fact, take years. New York's former attorney general, Eliot Spitzer, attempted to balance the policy benefits of providing plaintiffs with bargaining power within the judicial system, with the dangers that plaintiffs may be taken advantage of by creating regula...
...The plaintiffs filed suit for breach of contract after the defendants' lawsuit settled and they ref... borrowed from FSF gave the company the right to the first $16,800 of the settlement after fees,... have a five-business-day right to cancel the contract and firms must receive a notarized ac...
An agreement between a brother and a sister to purchase a home was a land installment contract - meaning that under Maryland law, the brother had a right to cancel the deal and receive a refund of the payments he made, the Court of Special Appeals held last week. The intermediate appellate court vacated an earlier decision of the Baltimore County Circuit Court, which had concluded that the contract between Benjamin Whitaker Jr. and his sister Dorothy was a simply a loan repayment agreement, and not subject to the cancellation provisions of Section 10-102 of the Real Property Article. Under that provision, a purchaser has the unconditional right to cancel the contract - and to receive a refund of all payments and deposits made pursuant to the contract - if the vendor fails to record the ...
CONTRACTS – Home Solicitation Sales Act; R.C. 1345.23; notice of cancellation; home improvement contract; buyer’s right to cancel.
An agreement between a brother and a sister to purchase a home was a land installment contract - meaning that under Maryland law, the brother had a right to cancel the deal and receive a refund of the payments he made, the Court of Special Appeals held recently. The intermediate appellate court vacated an earlier decision of the Baltimore County Circuit Court, which had concluded that the contract between Benjamin Whitaker Jr. and his sister Dorothy was a simply a loan repayment agreement and not subject to cancellation provisions of the Real Property Article. Under that provision, a purchaser has the unconditional right to cancel the contract and receive a refund of all payments and deposits made pursuant to the contract if the vendor fails to record the contract among the land records...
AUGUSTA - Maine Attorney General Janet Mills announced Monday that Atlantic Beef Co., a Maine door-to-door seller of frozen meats, has entered into a court-ordered consent decree. The court-ordered injunction requires the company to use a written contract that describes the consumer's right to cancel a sale within three days. Atlantic Beef company sellers are prohibited from using misrepresentations, false impressions, and false promises in their sales presentations. As part of this settlement, the company has also paid a civil penalty to the state.
News Advisory: What: The need for stronger consumer protections in the cell phone industry will draw hundreds of AARP members from across the state to Albany on Monday for a legislative hearing on the wireless industry. AARP will testify in support of legislation that will require cell phone companies to disclose hidden fees, surcharges, taxes, more detailed coverage information, including where the E- 911 function works, and provide consumers the right to cancel their contract after they receive their first bill.
A defunct Fayette County home improvement contractor was cited Thursday by state Attorney General Tom Corbett in a series of consumer protection lawsuits. Benjamin J. Seidel and Troy D. Shope of the former Home Pro Improvements, 50 W. Main St., Uniontown, are accused of failing to start various home improvement projects after accepting deposits from consumers and failing to inform customers of their three-day right to cancel a contract.
... terms and definitions, when used in any contract or communication involving any transaction coming ... from the date the order is given, have the right to cancel the order or contract of sale, if notice...
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