If an owner cancels a home solicitation contract on March 20, by what date must the contractor return the down payment?

When an owner cancels a home solicitation contract, the contractor is typically required to return any down payment within a specified period to protect consumer rights. In many jurisdictions, this timeframe is often set at a certain number of days after the cancellation notice is received.

In this case, if the cancellation occurs on March 20, the contractor typically has up to 10 business days to return the down payment, assuming that the contract aligns with common consumer protection laws that state the return should be issued within that time frame. Adding 10 days to March 20, considering standard business days and excluding weekends or holidays, results in the final return date being April 1.

This compliance not only helps maintain good business practices but also ensures that the contractor adheres to legal obligations that protect consumers from unfair practices. The key is understanding the importance of timely refunds in maintaining compliance with contract laws and consumer protection regulations.