Right to cancel real estate goods or services contract -- Conditions -- Notice of cancellation
KRS 367.622
in effect367.622. Right to cancel real estate goods or services contract -- Conditions -- Notice of cancellation
(1) A person who enters into a real estate goods or services contract with a contractor may cancel the contract prior to midnight of the fifth b usiness day after the person has received written notice from the insurer that all or part of the claim is not a covered loss under the insurance policy.
(2) Cancellation shall be deemed to have occurred when the person does any of the following:
(a) Personally delivers written notice of cancellation to the contractor;
(b) Deposits written notice of cancellation in the United States mail, postage prepaid, and addressed to the contractor at the address stated in the contract; or
(c) Transmits notice of cancellation to the contractor by facsimile or email.
(3) Notice of cancellation need not take a particular form and is sufficient if it indicates by any form of written or recorded expression the intention of the person not to be bound by the contract.
Effective: June 27, 2025
History: Amended 2025 Ky. Acts ch. 15, sec. 2, effective June 27, 2025. -- Created 2012 Ky. Acts ch. 97, sec. 2, effective July 12, 2012. Legislative Research Commission Note (6/27/2025). 2025 Ky. Acts ch. 15, sec. 10, provides that the amendments to this statute in that Act shall apply to contracts entered on or after June 27, 2025.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=56105Fetched: 10/20/2026