Where else must notice of the buyer's right to cancel appear, besides the agreement?
Correct Answer
D) On every note or evidence of indebtedness given
Section 501.025 requires notice of the buyer's right to cancel to appear on every note or other evidence of indebtedness given pursuant to a home solicitation sale. The section adds that unless a mortgage also creates the buyer's promise to pay the secured debt, it is not an evidence of indebtedness.
Why This Is the Correct Answer
Section 501.025 requires notice of the buyer's right to cancel to appear on every note or other evidence of indebtedness given pursuant to a home solicitation sale. The section adds that unless a mortgage also creates the buyer's promise to pay the secured debt, it is not an evidence of indebtedness.
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