Kentucky Statutes 367.46963 – Requirements to be met before accepting payment from or charging consumer
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No caller or merchant making or causing to be made a telephone solicitation shall request or accept payment from a consumer or make or submit any charge to the consumer’s credit or bank account until either:
(1) The merchant receives from the consumer a signed copy of a written contract complying with KRS § 367.46961(4); or
(2) The cancellation period provided in KRS § 367.46961(1) has expired, and the consumer has not exercised his right to cancel.
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 302, sec. 5, effective July 15, 1994; and ch. 463, sec. 5, effective July 15, 1994.
Legislative Research Commission Note (7/15/94). This statute was created by 1994
Ky. Acts chs. 302 and 463, which are substantively identical and have been codified together. Minor variations have been resolved by giving precedence to Acts ch. 463 which was enacted last.
(1) The merchant receives from the consumer a signed copy of a written contract complying with KRS § 367.46961(4); or
Terms Used In Kentucky Statutes 367.46963
- Contract: A legal written agreement that becomes binding when signed.
- Statute: A law passed by a legislature.
(2) The cancellation period provided in KRS § 367.46961(1) has expired, and the consumer has not exercised his right to cancel.
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 302, sec. 5, effective July 15, 1994; and ch. 463, sec. 5, effective July 15, 1994.
Legislative Research Commission Note (7/15/94). This statute was created by 1994
Ky. Acts chs. 302 and 463, which are substantively identical and have been codified together. Minor variations have been resolved by giving precedence to Acts ch. 463 which was enacted last.