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Path: utzoo!linus!decvax!ittvax!dcdwest!sdcsvax!sdcrdcf!hplabs!oliveb!olivee!oliven!hawk
From: hawk@oliven.UUCP
Newsgroups: net.legal,net.consumers
Subject: Re: Car Deposit Refundable
Message-ID: <416@oliven.UUCP>
Date: Tue, 28-Aug-84 16:01:12 EDT
Article-I.D.: oliven.416
Posted: Tue Aug 28 16:01:12 1984
Date-Received: Thu, 30-Aug-84 10:57:36 EDT
References: <382@hogpd.UUCP> <163@zinfandel.UUCP>
Organization: University of Waikiki
Lines: 14

>I am not certain about other states, but I can quite certainly state
>that in California, if you put a deposit on a car and change your mind
>within the statutory limit (3 days I think) you can indeed get all your
>deposit back.  I have done it.

>I THINK it is nationwide, and applies to all installment contracts.  It 
>derives from the Fairness in Lending act or some such.

With this restriction, there is no way that I as a dealer would even think of
ordering the car until this three days expired.

-- 
   rick                                     (Rick Hawkins @ Olivetti ATC)
[hplabs|zehntel|fortune|ios|tolerant|allegra|tymix]!oliveb!oliven!hawk