Oregon Construction Contractors (CCB) Practice Test

When must a business in Oregon provide a notice of cancellation for construction contracts?

1. Upon finalization

2. Within 24 hours

3. Upon project completion

4. At the time of the contract signing

The correct answer is: Within 24 hours

In Oregon, the law requires a business to provide a notice of cancellation for construction contracts within a specified timeframe to protect consumer rights. This notice serves as a formal declaration to the consumer, informing them of their right to cancel the contract within a set period. The requirement of delivering this notice within 24 hours ensures that consumers have immediate and clear information regarding their options, fostering transparency and trust in the contracting process. Providing the notice at other times, such as upon finalization of the contract, at project completion, or at the time of contract signing, does not align with the consumer protection laws outlined in Oregon's regulations. By stipulating a 24-hour window, the law prioritizes the ability of consumers to make informed decisions shortly after entering into a contractual agreement, helping to prevent potential disputes or misunderstandings later on. This is a crucial aspect of the legal framework governing construction contracts in Oregon, aimed at safeguarding the interests of consumers.