Definitions - home solicitation sale

5-3-401. Definitions - home solicitation sale. Home solicitation sale means a consumer credit sale of goods or services in which the seller or a person acting for the seller personally solicits the sale and the buyer's agreement or offer to purchase is given to the seller or a person acting for the seller at a residence. It does not include a sale made pursuant to a preexisting revolving credit account, a sale made pursuant to prior negotiations between the parties at a business establishment at a fixed location where goods or services are offered or exhibited for sale, a transaction conducted and consummated entirely by mail or telephone, or a sale that is subject to the provisions of the federal Truth in Lending Act on the consumer's right to rescind certain transactions. Source: L. 2000: Entire article R&RE, p. 1222, � 1, effective July 1. Editor's note: This section is similar to former � 5-2-501, as it existed prior to 2000. Cross references: For the definition and federal statutory cite of the Truth in Lending Act, see � 5-1-302.