FTC Cooling off Rule

The FTC’s Cooling-Off Rule gives you a 3-day right to cancel a sale made at your home.

Certain types of sales can’t be canceled, even if they take place in places normally covered by the Rule. The Cooling-Off Rule does not cover sales that are:

•under $25 for sales made at your home;
•under $130 for sales made at temporary locations;
•for goods or services not primarily intended for personal, family or household purposes;
•made entirely online, or by mail or telephone;
•the result of prior negotiations at the seller’s permanent place of business where the goods are sold regularly;
•needed to meet an emergency;
•made as part of your request for the seller to do repairs or maintenance on your personal property (purchases made beyond the maintenance or repair request are covered).

Also exempt from the Cooling-Off Rule are sales that involve:
•real estate, insurance, or securities;