style=”font-size: 10pt”>   Sec. 501. Definition: “Home Solicitation Sale” — “Home solicitation sale” means a consumer credit sale of goods, other than farm equipment, or services in which:

(1) the seller or a person acting for him engages in a personal solicitation of the sale, including a solicitation over the telephone, at a residence of the buyer and the buyer’s agreement or offer to purchase is there given to the seller or a person acting for him; or

(2) the seller or his agent, solicits a sale in a city or town in which the seller does not have a permanent business establishment, through mailings, advertisements, or telephone calls, which require the buyer to meet the seller or his agent at a place other than the seller’s permanent business establishment.

It does not include a sale made pursuant to a preexisting revolving charge account, or a sale made pursuant to prior negotiations between the parties at a business establishment at a fixed location where goods or services are offered or exhibited for sale.

Formerly: Acts 1971, P.L.366, SEC.3. As amended by Acts 1979, P.L.237, SEC.1.