{
  "id": "97-430",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "97-430",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 103957,
      "date": "1997-08-13",
      "retrieved": "2016-05-24T20:58:01.212941",
      "title": "Federal Statutes Allowing Consumers \"Cooling Off\" Periods to Rescind Contracts",
      "summary": "Contracts are generally governed by state law. Under state law, a contract takes effect and is\nenforceable upon being created -- that is, when an offer is accepted. Federal law, however, has\nseveral exceptions to this rule, which allow consumers a \"cooling off\" period during which they may\nrescind particular types of contracts, owe nothing, and not be subject to suit for breach of contract. \nThese provisions are in the Truth in Lending Act, the Credit Repair Organizations Act, the Interstate\nLand Sales Full Disclosure Act, and a regulation promulgated under the Federal Trade Commission\nAct.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
        {
          "format": "PDF",
          "encoding": null,
          "url": "http://www.crs.gov/Reports/pdf/97-430",
          "sha1": "e815f86aa18f058d06c580212b70a911eb48b25b",
          "filename": "files/19970813_97-430_e815f86aa18f058d06c580212b70a911eb48b25b.pdf",
          "images": null
        },
        {
          "format": "HTML",
          "filename": "files/19970813_97-430_e815f86aa18f058d06c580212b70a911eb48b25b.html"
        }
      ],
      "topics": []
    }
  ],
  "topics": [
    "American Law"
  ]
}