Permits certain consumers up to five business days to cancel home improvement contracts and up to three days to cancel certain consumer goods contracts.*

This bill amends New Jersey law to extend the cancellation period for home improvement contracts from three to five business days for consumers aged 65 or older. It requires contractors to include a clear, conspicuous notice in contracts detailing the five-day window for seniors (and the existing three-day window for all consumers) and the written cancellation process (via registered mail or in-person delivery). If canceled within the timeframe, contractors must refund all payments within 30 days and cancel related credit agreements without penalty. The change specifically aims to provide additional time for senior citizens to review contracts, reflecting their potential need for more consideration.