N.C. Gen. Stat. § 25A--40
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§ 25A--40. Form of agreement or offer; statement of buyer's rights (2006)
(a) In a home--solicitation sale the seller must present to the buyer and
obtain his signature to a fully completed written
agreement or offer to purchase which is in the same language as that
principally used in the oral sales presentation and
which designates as the date of the transaction the date on which the buyer
actually signs and which contains the name
and address of the seller, and which contains in immediate proximity to the
space reserved for the signature of the buyer
in bold face type of a minimum size of 10 points, a statement in
substantially the following form:
"You, the buyer, may cancel this transaction at any time prior to midnight
of the third business day after the date of
this transaction. See the attached Notice of Cancellation form for an
explanation of this right."
(b) The seller must, in addition to furnishing the buyer with a copy of the
contract or offer to purchase, furnish to the
buyer at the time he signs the home--solicitation sale 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 and
easily detachable, and which shall contain in 10 point bold face type the
following information and statements in the same
language as that used in the contract:
"Notice of Cancellation
(enter date of transaction)
(date)
You may cancel this transaction, without any penalty or
obligation, within three business days from the above date.
If you cancel, any property traded in, and payments made by you
under the contract or sale, and any negotiable instrument executed
by you will be returned within 10 business days following receipt
by the seller of your cancellation notice, and any security
interest arising out of the transaction will be canceled.
If you cancel, you must make available to the seller at your
residence, in substantially as good condition as when received,
any goods delivered to you under this contract or sale; or you
may, if you wish, comply with the instructions of the seller
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N.C. Gen. Stat. § 25A-40
regarding the return shipment of the goods at the seller's expense
and risk.
If you do make the goods available to the seller and the seller
does not pick them up within 20 days of the date of your notice of
cancellation, you may retain or dispose of the goods without any
further obligation. If you fail to make the goods available to the
seller, or if you agree to return the goods to the seller and fail
to do so, then you remain liable for performance of all
obligations under the contract.
To cancel this transaction, mail or deliver a signed and dated
copy of this cancellation notice or any other written notice, or
send a telegram to ,
(name of seller)
at ,
(address of seller's place of business)
not later than midnight of .
(date)
I hereby cancel this transaction.
(date)
(Buyer's Signature)"