Common use of AGREEMENT CANCELLATION AND REFUNDS Clause in Contracts

AGREEMENT CANCELLATION AND REFUNDS. If YOUR cancellation refund is not paid within forty-five (45) days of YOUR request to cancel, a ten percent (10%) penalty per month will be added to YOUR refund. WE may cancel this Agreement in the event the charge for YOUR Agreement has not been paid, if the odometer has been disconnected or altered and is connected with material misrepresentation or fraud, or if there is a material misrepresentation on the Contract Registration. If WE cancel, the cancellation will not be effective until fifteen (15) days after WE mail notice of cancellation to YOU. State Disclosure This Agreement is nonrenewable.