What is the law regarding large purchases and being able to return property if dissatisfied?
Full Question:
Is there a law in Wisconsin that states that if you buy a product such as a bed or any other product that if you are dissatified with it that you can sent it back within 30 days?
05/03/2007 |
Category: Consumer |
State: Wisconsin |
#3646
Answer:
Under the Federal Trade Commission's Cooling Off Rule, a consumer has until midnight of the third business day after a contract was signed to cancel either of the following:
* door-to-door sales contracts for more than $25, or
* a contract for more than $25 made anywhere other than the seller's normal place of business-for instance, at a sales presentation at a hotel or restaurant, outdoor exhibit, computer show or trade show (other than public car auctions and craft fairs).
A federal law called the Truth in Lending Act lets a consumer cancel a home improvement loan, second mortgage or other loan where the consumer pledged his or her home as security (except for a first mortgage) until midnight of the third business day after the contract was signed.
