New Jersey S1046 allows consumers aged 65 and over to cancel home improvement contracts up to five business days after signing.

New Jersey S1046 amends existing law to extend the cancellation period for home improvement contracts for consumers aged 65 and older. Under this bill, these consumers can cancel a contract for any reason up to five business days after receiving the signed contract, compared to the current three-day period for all other consumers. The bill also mandates that all home improvement contracts over $500 and any changes to the contract terms must be in writing and signed by all parties.

New Jersey S1046 allows consumers aged 65 and over to cancel home improvement contracts up to five business days after signing.

New Jersey S1046 amends existing law to extend the cancellation period for home improvement contracts for consumers aged 65 and older. Under this bill, these consumers can cancel a contract for any reason up to five business days after receiving the signed contract, compared to the current three-day period for all other consumers. The bill also mandates that all home improvement contracts over $500 and any changes to the contract terms must be in writing and signed by all parties.