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Kentucky Revised Statutes Title XXIX. Commerce and Trade § 367.622.Right to cancel real estate goods or services contract; conditions; notice of cancellation

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A person who enters into a real estate goods or services contract with a contractor may cancel the contract prior to midnight of the fifth business day after the person has received written notice from the insurer that all or part of the claim is not a covered loss under the insurance policy.

(2) Cancellation shall be deemed to have occurred when the person does any of the following:

(a) Personally delivers written notice of cancellation to the contractor;

(b) Deposits written notice of cancellation in the United States mail, postage prepaid, and addressed to the contractor at the address stated in the contract; or

(c) Transmits notice of cancellation to the contractor by facsimile or email.

(3) Notice of cancellation need not take a particular form and is sufficient if it indicates by any form of written or recorded expression the intention of the person not to be bound by the contract.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXIX. Commerce and Trade § 367.622.Right to cancel real estate goods or services contract; conditions; notice of cancellation - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxix-commerce-and-trade/ky-rev-st-sect-367-622/

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