Iowa Code § 551A.6
Cancellation of contract
Iowa · Iowa Code Chapter 551A — Business Opportunity Promotions · Status: effective
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- Citation
- Iowa Code § 551A.6, Cancellation of contract, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2272025
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Full text
The purchaser has the right to cancel a contract with a seller for a business opportunity for any reason at any time within three business days of the date the purchaser signs the contract or the date the contract is accepted by the seller whichever is later. The notice of the right to cancel, the seller’s obligation to provide the purchaser with cancellation forms, and the procedures to be followed when a contract is canceled shall be the same as the procedures in chapter 555A for door-to-door sales.