If an owner cancels a home solicitation contract on March 20, by what date must the contractor return the down payment?

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Prepare for the California Landscaping Contractor C-27 License Exam. Utilize flashcards, multiple-choice questions, explanations, and hints. Ace your test!

Multiple Choice

If an owner cancels a home solicitation contract on March 20, by what date must the contractor return the down payment?

Explanation:
When a home solicitation contract is canceled, California law requires the contractor to return the down payment within 10 days. From the cancellation date, count calendar days to determine the deadline. If the owner cancels on March 20, the down payment must be refunded by March 30. This ensures the consumer isn’t kept from funds after rescission. Therefore, the correct date is March 30.

When a home solicitation contract is canceled, California law requires the contractor to return the down payment within 10 days. From the cancellation date, count calendar days to determine the deadline. If the owner cancels on March 20, the down payment must be refunded by March 30. This ensures the consumer isn’t kept from funds after rescission. Therefore, the correct date is March 30.

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