Section 28 — Credit Contracts and Consumer Finance Act 2003: Notice of cancellation, return of property, and payment of cash price

28 Notice of cancellation, return of property, and payment of cash price (1) Written notice of cancellation may be expressed in any way that shows the intention of the debtor to cancel or withdraw from the consumer credit contract. (2) Written notice of cancellation may be given, property may be returned, and a cash price paid, to a creditor— (a) by giving it to the creditor or any agent or employee of the creditor; or (b) by posting it to the last known place of residence or business of the creditor or any agent of the creditor. (3) Written notice of cancellation may be given in electronic form, whether by means of an electronic communication or otherwise, if the creditor consents to notices or other communications from the debtor being given in electronic form and by means of an electronic communication, if applicable. (4) For the purposes of this section, a creditor may consent to notices or other communications from the debtor being given in electronic form subject to conditions regarding the form of the notice or communication or the means by which the notice or communication is produced, sent, received, processed, stored, or displayed. (5) Written notice of cancellation may be given, property may be returned, and a cash price paid by an agent acting on behalf of a debtor. Compare: 1981 No 27 s 22(3)