msc@qubix.UUCP (Mark Callow) (09/15/84)
> Out here in Ory-Gun there's a consumer-protection law that gives a > purchaser a 3-day "cooling off" period for things purchased on credit > ... > > ... > P.S. - is this only in Oregon, or do other states have similar laws? > Or is it a federal law? California has a similar law that is not widely advertised. -- From the TARDIS of Mark Callow msc@qubix.UUCP, qubix!msc@decwrl.ARPA ...{decvax,ucbvax}!decwrl!qubix!msc, ...{amd,ihnp4,ittvax}!qubix!msc "Nothing shocks me. I'm an Engineer."
wjm@whuxl.UUCP (MITCHELL) (09/16/84)
New York also has a 3 day cooling off period for certain types of contracts.
I know home-improvements, door-to-door sales, and resort type real estate
are included, other things may be -- but as always READ the fine print
before signing anything.
Also, both New York and New Jersey require real estate offerings made to
their residents (even if the land is out of state) to be registered with
the state (the Department of State in NY, the Attorney General in NJ).
"Offering" includes publication of advertising in a publication that is
sold in the state, even if it is published elsewhere.
This is significant since these rules apply to the resort land in Pennsylvania
(the Poconos) that is high pressure hyped around NYC and northern NJ.
The disclosures that must be filed with the state include such useful info
as: is the land under water most of the year,
is there access to the property from a public road,
how close are the nearest utilities -- like power lines,
is building permitted on the lot (some developers are not above selling
land which is either smaller than the minimum lot size or
restricted from building since septic systems aren't allowed
on the property and sewers aren't planned for the next 100 years),
the builders financial resources (no guarantee, but you might find out
if they're in Chapter II right now).
Caveat Lector,
Bill Mitchell (whuxl!wjm)