KRS 367.624: Contractor's duty to disclose cancellation rights and provide standard

form.

Prior to entering into a real estate goods or services contract with any person, a contractor

shall furnish the person with:

(1) The mailing address of the con tractor through which written communication may

be received;

(2) The telephone number of the contractor and, if applicable, the contractor's facsimile

number and email address;

(3) The following notices in at least ten (10) point boldface type:

(a) "You ma y cancel this contract at any time before midnight on the fifth

business day after you have received written notification from the insurer that

all or any part of the contracted goods, services, or goods and services is not a

covered loss under the propert y, casualty, or property and casualty insurance

policy. This right to cancel is in addition to any other rights of cancellation

you may have under state or federal law or regulation. See the attached Notice

of Cancellation form for an explanation of this right."; and

(b) "This contract shall not assign or otherwise transfer, in whole or in part, your

duties, rights, or benefits under the property, casualty, or property and

casualty insurance policy in violation of KRS 304.20 -105. Any contract

entered in vio lation of KRS 304.20 -105 shall be void and unenforceable.";

and

(4) A fully completed form in duplicate, under the conspicuous caption "NOTICE OF

CANCELLATION," and attached to but easily detachable from the contract, in at

least ten (10) point boldface type that shall read as follows:

"NOTICE OF CANCELLATION

.......................................................

(enter date of transaction)

If you are notified by the insurer that all or any part of the contracted goods,

services, or goods and services is not a covered loss under the property, casualty, or

property and casualty insurance policy, you may cancel this contract without

penalty or monetary obligation before midnight of the fifth business day after you

have received the notice. To cancel this transaction, you may use any of the

following methods: mail or otherwise deliver a signed and dated copy of this

cancellation notice, or any ot her written notice of cancellation which you sign and

date, to (enter physical address of contractor), or email a notice of cancellation to

(enter email address of contractor), or transmit a notice of cancellation to (enter

facsimile number of contractor), not later than midnight of the fifth day after you

receive notice from the insurer.

I HEREBY CANCEL THIS TRANSACTION.

........................................................

(Date)

........................................................

(Buyer's Signature)".