SENATE AMENDMENT

    Bill No. CS for SB 2066

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Dyer moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 27, between lines 9 and 10,

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16  insert:

17         Section 28.  Section 501.025, Florida Statutes, is

18  amended to read:

19         501.025  Home solicitation sale; buyer's right to

20  cancel.--In addition to any other right to revoke an offer,

21  the buyer has the right to cancel a home solicitation sale

22  until midnight of the third business day after the day on

23  which the buyer signs an agreement or offer to purchase.

24  Cancellation is evidenced by the buyer giving written notice

25  of cancellation in person, by telegram, or by mail to the

26  seller at the address stated in the agreement or offer to

27  purchase.  The written notice of cancellation given by mail

28  shall be effective upon postmarking. The notice of

29  cancellation need not take a particular form and is sufficient

30  if it indicates by any form of written expression the

31  intention of the buyer not to be bound by the home

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 2066

    Amendment No.    





 1  solicitation sale.  Notice of a buyer's right to cancel must

 2  appear on every note or other evidence of indebtedness given

 3  pursuant to any home solicitation sale. For the purposes of

 4  this section, unless a mortgage also creates the buyer's

 5  promise to pay the secured debt, it is not an evidence of

 6  indebtedness.

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 8  (Redesignate subsequent sections.)

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11  ================ T I T L E   A M E N D M E N T ===============

12  And the title is amended as follows:

13         On page 4, line 3, following the semicolon

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15  insert:

16         amending s 501.025, F.S.; clarifying provisions

17         relating to home solicitation sale and buyer's

18         right to cancel;

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    4:32 PM   04/21/99                              s2066c1c-14c01