What information must the home repair contract include?
Under the Contractors Registration Act, every home improvement contract regulated by the Act for over $500 and all changes to the contract must be: • In writing & signed by all parties to it. • Clearly and accurately set forth in legible form and in understandable language all terms and conditions, including: • The contractors legal name, business address, and registration number. • A copy of the certificate of the contractors commercial general liability insurance and the insurance companys telephone number. • The contracts total price to the homeowner, including finance charges. • The following conspicuous notice printed in at least 10-point bold-faced type: “NOTICE TO CONSUMER. YOU MAY CANCEL THIS CONTRACT AT ANY TIME BEFORE MIDNIGHT OF THE THIRD BUSINESS DAY AFTER RECEIVING A COPY OF THIS CONTRACT. IF YOU WISH TO CANCEL THIS CONTRACT, YOU MUST EITHER: (1) SEND A SIGNED AND DATED WRITTEN NOTICE OF CANCELLATION BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED; OR (2) PERSONA
