Terms Used In Iowa Code > Chapter 555A - Door-to-Door Sales

• Business day: means any calendar day except Saturday, Sunday, or public holiday, including holidays observed on Mondays. See Iowa Code 555A.1
• Consumer goods or services: means goods or services purchased, leased, or rented primarily for personal, family, or household purposes, including courses of instruction or training regardless of the purpose for which they are taken. See Iowa Code 555A.1
• Contract: A legal written agreement that becomes binding when signed.
• Door-to-door sale: means a sale, lease, or rental of consumer goods or services with a purchase price of twenty-five dollars or more, whether under single or multiple contracts, in which the seller or the seller's representative personally solicits the sale, including those in response to or following an invitation by the buyer, and the buyer's agreement or offer to purchase is made at a place other than the place of business of the seller. See Iowa Code 555A.1
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Offer: means an inducement, solicitation, or attempt to encourage a person to acquire a membership camping contract. See Iowa Code 557B.1
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• Place of business: means the main or permanent branch office or local address of a seller. See Iowa Code 555A.1
• property: includes personal and real property. See Iowa Code 4.1
• Purchase price: means the total price paid or to be paid for the consumer goods or services, including all interest and service charges. See Iowa Code 555A.1
• Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). ^{Source: OCC}
• Seller: means any person engaged in the door-to-door sale of consumer goods or services. See Iowa Code 555A.1
• Signature: includes an electronic signature as defined in section 554D. See Iowa Code 4.1
• social referral service: means a service for a fee providing matching or introduction of individuals for the purpose of dating, matrimony, or general social contact not otherwise prohibited by law, and "ancillary service" means goods or services directly or indirectly related to or to be provided in connection with a social referral service. See Iowa Code 555A.1