Page 10 - Loading

3) Extends the buyer's right to cancel a service and repair contract to ve business days if the buyer is a senior citizen, unless specied emergency conditions exist. Prescribes the form and content of a notice of this right to cancel.
4) Extends the buyer's right to cancel a home solicitation contract to midnight of the fth business day after the contract or oer is signed if the buyer is a senior citizen. Prescribes the form and content of a notice of this right to cancel.
5) Extends the buyer's right to cancel a seminar sales solicitation contract or oer to midnight of the fth business day after the contract or oer is signed if the buyer is a senior citizen. Prescribes the form and content of a notice of this right to cancel.
6) Extends a senior citizen property owner's right to cancel a Property Assessed Clean Energy (PACE) assessment contract to within ve business days of the latest of a) the date on which the contract was signed, b) the date on which the property owner received a statutorily prescribed Financing Estimate or Disclosure, or c) the date on which the property owner received the notice of their right to cancel. Prescribes the form and content of a notice of this right to cancel.
Assembly Bill 2471 is codied as Business and Professions Code Sections 7150, 7159, and 7159.10, Civil Code Sections 1689.5, 1689.6, 1689.7, 1689.13, 1689.20, 1689.21, and 1689.24, and the Streets and Highways Code Sections 5898.16 and 5898.17.
The extended right to cancel set forth in 2) through 6) applies to contracts entered into on or after January 1, 2021.
8 The Greater San Diego Association of REALTORS®