KRS § 367.420 
*(2006) 

§ 367.420. Buyer's right to cancel home solicitation sale ---- Method of 
cancellation

(1) Except for home solicitation sales on loans in which a security interest 
is taken in the principal dwelling of the

buyer as provided in subsection (6) of this section, and except as provided 
in subsection (5) for other goods and services,

including all other consumer loans, in addition to any right otherwise to 
revoke an offer, the buyer has the right to cancel

a home solicitation sale until midnight of the third business day after the 
day on which the buyer signs an agreement or

offer to purchase which complies with this part.

(2) Cancellation occurs when the buyer gives written notice of cancellation 
to the seller at the address stated in the

agreement or offer to purchase.

(3) Notice of cancellation, if given by mail, is given when it is deposited 
in a mailbox properly addressed and postage

prepaid.

(4) Notice of cancellation given by the buyer need not take a particular 
form and is sufficient if it indicates by any

form of written expression the intention of the buyer not to be bound by the 
home solicitation sale.

(5) The buyer may not cancel a home solicitation sale if the buyer requests 
the seller to provide goods or services

without delay because of an emergency, and

(a) The seller in good faith makes a substantial beginning of performance of 
the contract before the buyer gives

notice of cancellation, and

(b) In the case of goods, the goods cannot be returned to the seller in 
substantially as good condition as when

received by the buyer.

(6) For home solicitation sales on loans in which a security interest is 
taken in the principal dwelling of the buyer, the

buyer shall have the right to rescind or cancel the transaction until 
midnight of the third business day following the later of

the consummation of the loan transaction or the delivery of the material 
disclosures required under the Truth in Lending

Act, 
*15 U.S.C. 1601 *et seq.