Contracts: Time and Manner of Cancellation

Section 485 Section 485.50  Contracts:  Time and Manner of Cancellation A person subject to this Part shall provide the consumer with a contract written in English and in the language of the consumer.  The contract shall state a time and manner for cancellation as follows: a)         Time for Cancellation: 3-Day Right of Cancellation. The contract for services must inform the consumer that s/he may rescind the contract within 72 hours, or 3 business days, after entering into the contract.  This right of cancellation is in addition to any right of cancellation provided for by Section 2B of the Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505/2B] or any other statute. b)         Business Day Defined. For purposes of calculating the 3-day period discussed in subsection (a) above: 1)         Sunday shall not be calculated as a business day. 2)         Saturday shall be calculated as a business day. c)         Manner of Cancellation.  The contract must inform the consumer how s/he may cancel the contract for services.