Statutes, codes, and regulations
Texas Administrative Code
Title 7 - BANKING AND SECURITIESPart 8 - JOINT FINANCIAL REGULATORY AGENCIES
Chapter 152 - REPAIR, RENOVATION, AND NEW CONSTRUCTION ON HOMESTEAD PROPERTY
Section 152.11 - Three Day Right to Rescind Contract for Work and Materials for Repairs or Renovation: Section 50(a)(5)(C)

7 Tex. Admin. Code § 152.11

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Current through Reg. 49, No. 50; December 13, 2024
Section 152.11 - Three Day Right to Rescind Contract for Work and Materials for Repairs or Renovation: Section 50(a)(5)(C)

The owner and owner's spouse may rescind the contract for work and materials within three calendar days after execution by all parties of the contract for work and materials. To count the three days, the day after the contract is executed is day one. The rescission period ends at midnight of the third calendar day following the execution of the contract. If the third calendar day falls on a Sunday or federal legal public holiday, then the right of rescission is extended to midnight of the next calendar day that is not a Sunday or federal legal public holiday.

7 Tex. Admin. Code § 152.11

The provisions of this §152.11 adopted to be effective March 3, 2005, 30 TexReg 1065