Tenn. Code Ann. § 47-18-704 (2006)
47-18-704. Cancellation - Notice to buyer of rights.
(a) 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 a receipt if it is a cash or credit card sale or, in the case of a credit
sale, obtain the buyer's signature to a written agreement or offer to purchase
which designates as the date of the transaction the date on which the buyer
actually makes payment in whole or in part or signs. Contained on any such
receipt, written agreement, or offer to purchase, there shall be a readily
legible statement as described in subsection (b).
(b) The statement required in subsection (a) shall:
(1) Appear on the front side of the receipt or contract, or immediately above
the buyer's signature, under the conspicuous caption: "BUYER'S RIGHT TO CANCEL";
and
(c) In lieu of the form of notice required by subsection (b), a seller may
comply with the requirements of the federal statutes, rules, or regulations
governing the form of notice of the right of cancellation in door-to-door sales.
(d) 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
the buyer's intention to cancel.
(e) A home solicitation sale shall be deemed to be in compliance with the notice
requirements of this statute if:
(1) The buyer may at any time:
(A) Cancel the order;
(B) Refuse to accept delivery of the goods without incurring any obligation to
pay for them; or
(C) Return the goods to the seller and receive a full refund for any amount the
buyer has paid; and
(2) The buyer's right to cancel the order, refuse delivery, or return the goods
without obligation or charge at any time is clearly and unmistakably set forth
on the face or reverse side of the sales ticket.
Tenn. Code Ann. § 47-18-705 (2006)
47-18-705. Cancellation - Refund of payments - Lien pending refund.
(a) 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.
(b) 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.
(c) Until the seller has complied with the obligations imposed by this section,
the buyer may retain possession of goods delivered to the buyer by the seller
and has a lien on the goods in the buyer's possession or control for any
recovery to which the buyer is entitled.
Tenn. Code Ann. § 47-18-706 (2006)
47-18-706. Cancellation - Return of goods - Compensation for services.
(a) Except as provided in § 47-18-705(c), within a reasonable time after a home
solicitation sale has been cancelled or an offer to purchase revoked, the buyer
upon demand must tender to the seller any goods delivered by the seller pursuant
to the sale but the buyer is not obligated to tender at any place other than the
buyer's residence. If the seller fails to demand possession of goods within
twenty (20) days after cancellation or revocation, the goods become the property
of the buyer without obligation to pay for them.
(b) The buyer has a duty to take reasonable care of the goods in the buyer's
possession before cancellation or revocation and for a reasonable time
thereafter, during which time the goods are otherwise at the seller's risk.
(c) If the seller has performed any services pursuant to a home solicitation
sale prior to its cancellation, the seller is entitled to compensation only to
the extent of the fair market value for any such services performed prior to
cancellation.