What is the "Cooling Off Law"?

"Wisconsin law which provides a "cooling-off" period allowing you three business days to think about and cancel a direct marketing sale if you wish. This applies to credit transactions and cash sales of $25 or more that occur away from the seller's regular place of business. The three-day cooling-off period doesn't cover real estate, auctions, items used for agricultural purposes or insurance-even if sold door to door. Your three-day right to cancel starts after the seller has provided you the proper written notice of your right to cancel." (WI Dept of Ag, Trade, & Consumer Protection; incorporated with Wisconsin's Direct Marketing Rule)

See Wisconsin State Statute 423.201-205 or the Wisconsin Department of Agriculture, Trade and Consumer Protection fact sheets 3 Day Right to Cancel and Return and Refund Policies.

Source: 

Wisconsin State Statutes

Fast Fact Topic: 

Ready Ref Categories

QuickRef Categories

Bios & Celebrities  ::  Books & Literature  ::  Business  ::  Consumers  ::  Cultures & Diversity  ::  Demographics  ::  Education  ::  Elections  ::  Entertainment  ::  Food  ::  Geography  ::  Gov't,Local  ::  Gov't,State  ::  Gov't,Federal  ::  Gov;t,World  ::  Health & Medicine  ::  Investing  ::  Jobs & Careers  ::  Law  ::  Libraries  ::  Money & Taxes  ::  News & Media  ::  Science & Tech  ::  Searching  ::  Self-Sufficiency  ::  Sports  ::  Taxes  ::  Travel  ::  Weather  ::  Wisconsin  ::  WI Attractions

AddThis