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Two copies to the equity seller.

Posted by Ward-CA- on May 05, 2002 at 7:34 PM

In Reply to: CC 1695 posted by Gary on May 05, 2002 at 6:38 PM

: Ward:

: In California Civil Code 1695.5, paragraph b, it says, in part,

: "The contract shall be accompanied by a completed form in duplicate, captioned "notice of cancellation" in a size equal to 12-point bold type, if the contract is printed or in capital letters if the contract is typed, followed by a space in which the equity purchaser shall enter the date on which the equity seller executes any contract."

: How do you interpret "...in duplicate.." in the first line? Copy to seller and copy to buyer or two copies to buyer?
============

Gary,

Two copies go to the equity seller. If they chose to cancel during the 5 days they'll have one copy for their records and one to serve on the equity buyer.




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