555A.1 Definitions. As used in this chapter, unless the context otherwise requires: 1. “Business day” means any calendar day except Saturday, Sunday, or public holiday, including holidays observed on Mondays. 2. “Consumer goods or services” means goods or services purchased, leased, or rented primarily for personal, family, or household purposes, including courses of instruction or […]
555A.2 Contract. Every seller shall furnish the buyer with a fully completed receipt or copy of any contract pertaining to a door-to-door sale at the time of its execution, which is in the same language as that principally used in the oral sales presentation and which shows the date of the transaction and contains the […]
555A.3 Cancellation. Every seller shall furnish each buyer, at the time the buyer signs the door-to-door sales contract or otherwise agrees to buy consumer goods or services from the seller, a completed form in duplicate, captioned “Notice of Cancellation”, which shall be attached to the contract or receipt and easily detachable, and which shall contain […]
555A.4 Duties of seller. A seller shall: 1. Furnish two copies of the notice of cancellation to the buyer, and complete both copies by entering the name of the seller, the address of the seller’s place of business, the date of the transaction, and the date, not earlier than the third business day following the […]
555A.5 Effect on indebtedness. Rescission of any contract pursuant to this chapter or the failure to provide a copy of the contract to the buyer as required by this chapter shall void any contract, note, instrument, or other evidence of indebtedness executed or entered into in connection with the contract and shall constitute a complete […]
555A.6 Penalties. 1. Any seller who violates the provisions of this chapter shall be guilty of a simple misdemeanor. 2. A violation of this chapter is a violation of section 714.16, subsection 2, paragraph “a”. [C75, 77, §713B.6; C79, 81, §82.6] 92 Acts, ch 1062, §1 C93, §555A.6
