ALM GL ch. 93, § 48 (2006)
1.
§ 48. Cancellation of Certain Contracts Not Consummated at Seller's Place of
Business; Form of Agreement; Notice and Effect of Cancellation; Penalties.

A. An agreement providing for the sale or lease of goods, or the rendering
of services, or both, primarily for personal, family or household purposes
in excess of twenty-five dollars in value and which is consummated by a
party thereto at a place other than the address of the seller or lessor,
which may be his main office or branch thereof, may be canceled by the buyer
for other than the seller's or lessor's breach, whether or not such
agreement contains a provision for periodic payments or an extension of
credit, provided the buyer, not later than midnight of the third business
day following execution of the agreement, notifies the seller or lessor that
he is canceling, and such cancellation shall be effective thereupon.

B. Each such agreement shall be in writing, in the same language as that
principally used in the oral sales presentation, signed by the seller or
lessor, containing his address, the date of the transaction and all the
terms agreed upon by the parties or required by law. The failure to include
a required or an agreed term or to deliver a copy of the agreement signed by
the seller or lessor shall give the buyer the right to cancel said agreement
until the omitted term is provided or the copy of the agreement delivered.
In either case, the time period during which the buyer may cancel under
subsection A shall not commence until the failure to include terms or
deliver a copy has been corrected.

Each agreement shall contain the following statement appearing on the front
page thereof in immediate proximity to the space reserved for the buyer's
signature and in boldface type of a minimum size of ten points:--

You may cancel this agreement if it has been signed by a party thereto at a
place other than an address of the seller, which may be his main office or
branch thereof, provided you notify the seller in writing at his main office
or branch by ordinary mail posted, by telegram sent or by delivery, not
later than midnight of the third business day following the signing of this
agreement.

See the attached notice of cancellation form for an explanation of this
right.

Each such agreement shall have attached thereto a completed form in
duplicate, which shall be easily detachable, and which shall contain in ten
point boldface type the following in the same language as that used in the
agreement:--

NOTICE OF CANCELLATION
(Enter date of transaction) [----------] [----------] [----------]
[----------] [----------]
(Date)
[----------] [----------] [----------] [----------] [----------]

You may cancel this transaction, without any penalty or obligation, within
three business days from the above date.

If you cancel, any property traded in, any payments made by you under the
agreement, and any negotiable instrument executed by you will be returned
within ten business days following receipt by the seller of your
cancellation notice, and any security interest arising out of the
transaction will be cancelled.

If you cancel, you must make available to the seller at your residence, in
substantially as good condition as when received, any goods delivered to you
under this agreement; or you may if you wish, comply with the instructions
of the seller regarding the return shipment of the goods at the seller's
expense and risk.

If you do make the goods available to the seller and the seller does not
pick them up within twenty days of the date of your notice of cancellation,
you may retain or dispose of the goods without any further obligation. If
you fail to make the goods available to the seller, or if you agree to
return the goods to the seller and fail to do so, then you remain liable for
performance of all obligations under the contract.

To cancel this transaction, mail or deliver a signed and dated copy of this
cancellation notice or any other written notice, or send a telegram to
[----------] [----------] [----------] [----------] [----------]
[----------] ,
(Name of seller)

at [----------] [----------] [----------] [----------] [----------]
[----------] not later
(Address of seller's place of business)

than midnight of [----------] [----------] [----------]
(Date)

I hereby cancel this transaction.

[----------] [----------] [----------] [----------] [----------]
(Date)
[----------] [----------] [----------] [----------] [----------]
[----------]
(Buyer's signature)


Forms and notices of the right to cancel prescribed by rules of the Federal
Trade Commission may be substituted for the forms and notices required by
this subsection.
C. Notice of cancellation under this section shall be given in writing to
the seller at the place of business as set forth in the agreement by
ordinary mail posted, by telegram sent or by delivery, not later than
midnight of the third business day following execution of the agreement.

D. In the event of cancellation pursuant to this section the seller or
lessor shall within ten business days of the receipt of any valid notice of
cancellation (i) refund all payments made, including any down payment made
under the agreement; (ii) return any goods or property traded in to the
seller on account of or in contemplation of the agreement, in substantially
as good condition as when received by the seller; (iii) cancel and return
any copies of the agreement and any negotiable instrument signed by the
buyer with a notation indicating that it has been cancelled; and (iv) take
any action necessary or appropriate to terminate promptly any security
interest created in connection with the agreement.

The seller or lessor shall be entitled to reclaim and the buyer shall return
whenever possible or hold at the seller's disposal any goods received by the
buyer under the agreement. The buyer may, at his option, comply with the
instructions of the seller or lessor regarding the return shipment of the
goods at the seller's or lessor's expense and risk. If the buyer does make
the goods available to the seller and the seller does not pick them up
within twenty days of the date of the buyer's notice of cancellation, the
buyer may retain or dispose of the goods without any further obligation. If
the buyer fails to make the goods available to the seller, or if the buyer
agrees to return the goods to the seller and fails to do so, then the buyer
shall remain liable for performance of all obligations under the contract.

The seller or lessor shall within ten business days of receipt of the
buyer's notice of cancellation notify the buyer whether the seller or lessor
intends to repossess or to abandon any shipped or delivered goods.

E. Whoever violates any provision of this section shall be punished by a
fine of not more than five hundred dollars or by imprisonment for not more
than six months, or both.

F. A violation of this section shall constitute a violation of chapter
ninety-three A.

G. An agreement subject to this section shall not contain any waiver of the
buyer's rights provided under this section.

H. The seller or lessor shall inform the buyer orally, at the time he signs
the agreement, of his right to cancel and shall not misrepresent in any
manner such right.

I. The seller or lessor shall not negotiate, transfer, sell, or assign any
agreement or other evidence of indebtedness to a finance company or other
third party prior to midnight of the fifth business day following the day
the agreement was signed. No negotiation, transfer, sale or assignment of
any agreement or other evidence of indebtedness shall defeat or limit the
buyer's right to cancel the agreement because of failure to include a
required or an agreed term or to deliver an accurate copy of the agreement,
as provided in subsection B.
J. A seller of services shall not commence such service during the three
business day cancellation period, and the buyer shall not be responsible for
the value of work performed during such period, in the event of
cancellation.

K. This section shall not apply to a transaction in which the buyer is
accorded the right of rescission by the provisions of chapter one hundred
and forty D, or in which the buyer has initiated the transaction and the
goods or services are needed to meet a bona fide immediate personal
emergency of the buyer, and the buyer furnishes the seller with a separate
dated and signed personal statement in the buyer's handwriting describing
the situation requiring immediate remedy and expressly acknowledging and
waiving the right to cancel the sale within three business days.