Oklahoma -
Section 2-503 - Form of Agreement or Offer - Statement of Buyer's Rights
(1) In a home solicitation sale, unless the buyer requests the seller to provide
goods or services without delay in an emergency, the seller must present to the
buyer and obtain his signature to a written agreement or offer to purchase which
designates as the date of the transaction the date on which the buyer actually
signs and contains a statement of the buyer's rights which complies with
subsection (2).
(2) The statement must
(a) appear under the conspicuous caption "BUYER'S RIGHT TO CANCEL"; and
(b) read as follows: "If this agreement was solicited at your residence and you
do not want the goods or services, you may cancel this agreement by mailing a
notice to the seller. The notice must say that you do not want the goods or
services and must be mailed before midnight of the third business day after you
sign this agreement. The notice must be mailed to:
___________________________________________.
(Insert name and mailing address of seller)
If you cancel, the seller may keep all or part of your cash down payment not to
exceed five percent (5%) of the cash price."
(3) Until the seller has complied with this section the buyer may cancel the
home solicitation sale by notifying the seller in any manner and by any means of
his intention to cancel.
Section 2-504 - Restoration of Down Payment - Retention of Cancellation Fee
(1) Except as provided in this section, within ten (10) days after a home
solicitation sale has been cancelled or an offer to purchase revoked the seller
must tender to the buyer any payments made by the buyer and any note or other
evidence of indebtedness.
(2) If the down payment includes goods traded in, the goods must be tendered in
substantially as good condition as when received by the seller. If the seller
fails to tender the goods as provided by this section, the buyer may elect to
recover an amount equal to the trade-in allowance stated in the agreement.
(3) The seller may retain as a cancellation fee five percent (5%) of the cash
price but not exceeding the amount of the cash down payment. If the seller fails
to comply with an obligation imposed by this section, or if the buyer avoids the
sale on any ground independent of his right to cancel provided by the provisions
on the buyer's right to cancel (subsection (1) of Section 2-502) or revokes his
offer to purchase, the seller is not entitled to retain a cancellation fee.
(4) Until the seller has complied with the obligations imposed by this section
the buyer may retain possession of goods delivered to him by the seller and has
a lien on the goods in his possession or control for any recovery to which he is
entitled.