Customers 65 or older would get five business days to cancel home improvement contracts

Consumers 65 or older would be allowed to cancel a home improvement contract for any reason before midnight of the fifth business day after receiving a signed copy. Customers must give written notice by registered or certified mail with a return receipt, or deliver it in person. They may waive this right by signing a form with a cost estimate for emergency damage cleanup or related repairs to damaged materials. Repairs involving structural, electrical, plumbing, or air conditioning work are excluded. If enacted, this would apply to contracts entered into on or after the first day of the fourth month following enactment.

Consumers 65 or older would be allowed to cancel a contract for goods costing $500 or more for any reason before midnight of the third business day after entering the contract. This covers goods bought mainly for personal, family, or household use. Real estate sales and brokerage services are excluded. A buyer may waive the cancellation period only as allowed by law. Sellers must refund payments within 30 days after receiving cancellation notice. Buyers must return delivered goods within 30 days after cancellation. If enacted, this would apply to contracts entered into on or after the first day of the fourth month following enactment.