KRS 380.060: Person engaged in debt adjusting to contract with debtor -- Disclosure and

notice to debtor -- Debtor's right to cancel.

(1) A person engaged in debt adjusting shall contract in writing with the debtor and

obtain the debtor's signature on the contract which shall designate the date on which

the debtor actually signs the contract as the date of the transaction and fully disclose

the exact nature of the debt -adjusting services and the total amount and terms of

compensation.

(2) Any debtor entering into a contract to provide debt -adjusting services shall have a

right to cancel the contract until midnight of the fourteenth day after the day on

which the debtor signs a contract offer to enter into a contract for debt -adjusting

services, except as provided in subsection (7) of this section.

(3) The following notice, printed in at least twelve (12) point boldface type and

completed with the name and address of the debt adjuster, shall appear on the

contract under the conspicuous caption "DEBTOR'S RIGHT TO CANCE L" and

shall read as follows:

NOTICE OF CANCELLATION

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

(enter date of transaction)

You may cancel this contract or offer without penalty or monetary obligation,

within fourteen (14) days from the ab ove date. 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 other written notice of

cancellation which you sign and date to (enter physical address of debt

adjuster) or e-mail a notice of cancellation to (enter name of debt adjuster) at

(enter e-mail address of debt adjuster) not later than midnight of (enter date

fourteen (14) days after transaction date).

I hereby cancel this transaction.

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

(Date)

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

(Debtor's Signature)

(4) Cancellation occurs when the debtor gives written notice of cancellation to the debt

adjuster at the physical or e -mail address stated in the contract or offer to perform

services.

(5) Notice of cancellation, if given by mail, is given when it is deposited in a mailbox

properly addressed and postage prepaid and, if given by e -mail, when the debtor

sends the e-mail.

(6) Notice of cancellation given by the debtor is sufficient if it indicates in writing the

intention of the debtor not to be bound by the contract or offer of services.

(7) Until the debt adjuster has complied with the disclosure notice required by

subsection (3) of this section, the debtor may cancel the contract or offer of services

by notifying the debt adjuster of his or her intention to cancel.