Colorado § 5-3-402 - Buyer's right to cancel.
Full text of Colorado Colorado Revised Statutes § 5-3-402 — Buyer's right to cancel., with citation guidance and answers to common questions.
§ 5-3-402. Buyer's right to cancel.
(1) Except as provided in subsection (5) of this section, in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase that complies with this part 4.
(2) Cancellation occurs when the buyer gives written notice of cancellation to the seller at the address stated in the agreement or offer to purchase.
(3) Notice of cancellation, if given by mail, is given when it is deposited in a mail box properly addressed and postage prepaid.
(4) Notice of cancellation given by the buyer need not take a particular form and is sufficient if it indicates by any form of written expression the intention of the buyer not to be bound by the home solicitation sale.
(5) The buyer may not cancel a home solicitation sale if, by separate dated and signed statement that is not as to its material provisions a printed form and describes an emergency requiring immediate remedy, the buyer requests the seller to provide goods or services without delay in order to safeguard the health, safety, or welfare of natural persons or to prevent damage to property the buyer owns or for which the buyer is responsible, and:
(a) The seller in good faith makes a substantial beginning of performance of the contract before the buyer gives notice of cancellation; and
(b) In the case of goods, the goods cannot be returned to the seller in substantially as good condition as when received by the buyer.
Source: L. 2000: Entire article R&RE, p. 1222, § 1, effective July 1.
Editor's note: This section is similar to former § 5-2-502, as it existed prior to 2000.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 5-3-402
What does Colorado Revised Statutes § 5-3-402 cover?
Section 5-3-402 ("Buyer's right to cancel.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 5-3-402?
A common citation format is "Colorado Revised Statutes § 5-3-402" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 5-3-402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.