NewsABC Action News (WFTS) — MoneyAugust 12, 2026Hillsborough
Federal law provides a 3-day cooling-off period for specific consumer contracts
Federal regulations grant consumers a three-day right to cancel certain contracts signed at locations other than a business's permanent place of business, such as at a home or temporary sales venue. This rule does not apply to all transactions, and specific exceptions exist for various types of services and goods.
Read the full story at ABC Action News (WFTS) — MoneyWhy It Matters
Understanding these rights determines whether a consumer can legally void a contract and receive a full refund without penalty after signing for home improvements, warranties, or other services.
Key Facts
Each fact below is taken from the article. Click one to see the exact passage.
Who's Mentioned
personJosh Planos“Representative for the Better Business Bureau.”organizationFederal Trade Commission“Federal agency that enforces the cooling-off rule.”organizationBetter Business Bureau“Organization providing consumer advice on contract cancellations.”organizationScripps Media, Inc.“Owner of the 'Don't Waste Your Money' trademark.”personKaren Toms“Homeowner who signed a $30,000 contract for kitchen renovations.”