Does Washington State Have a Buyers Remorse Law?
Yes, Washington state has a buyers remorse law that gives consumers a three-day right to cancel certain contracts without penalty.
Key Points
- The three-day cooling-off period begins on the date the contract is signed.
- The cooling-off period only applies to door-to-door sales and certain health club contracts.
- There are some exceptions to the law, including contracts for the sale of real estate, vehicles, and services that have already been performed.
What Contracts Are Covered?
The Washington buyers remorse law only applies to the following types of contracts:
- Door-to-door sales: This includes sales made in the consumer’s home, at a temporary location, or at a place other than the seller’s permanent business location.
- Health club contracts: This includes contracts for health club memberships, fitness classes, and personal training.
How to Cancel a Contract
To cancel a contract under the Washington buyers remorse law, the consumer must send a written notice of cancellation to the seller within three days of signing the contract.
The notice of cancellation must include the following information:
- The consumer’s name and address
- The date the contract was signed
- A statement that the consumer is canceling the contract
- The consumer’s signature
The notice of cancellation can be sent by mail, fax, or email.
Exceptions to the Law
There are some exceptions to the Washington buyers remorse law, including:
- Contracts for the sale of real estate
- Contracts for the sale of vehicles
- Contracts for services that have already been performed
- Contracts that are entered into by a consumer who is not a resident of Washington state
Conclusion
The Washington buyers remorse law provides consumers with a three-day right to cancel certain contracts without penalty. This law is designed to protect consumers from making impulsive purchases and from being pressured into signing contracts they do not understand.
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