Legislation will be reintroduced in the new session to give senior citizens additional time to rescind purchases made as a result of a home or phone solicitation, reports stat Rep. Jim Cox (R-129).
The bill would increase the current three-day, right-of-cancellation period to 15 days for the purchase of goods and services by a person who is age 65 or older if the purchase is in excess of $25 and is the result of a door-to-door or telephone home solicitation. According to an AARP study, more than 50 percent of telemarketing scam victims are over the age of 50.
For senior fraud prevention tips, visit the “Seniors” section at the attorney general’s website, www.AttorneyGeneral.gov.