Waiver of Right to Cancel (For Prepaid Funeral Benefit Contracts) - Texas

Waiver of Right to Cancel (For Prepaid Funeral Benefit Contracts) is a legal document that was released by the Texas Department of Banking - a government authority operating within Texas.

FAQ

Q: What is a Waiver of Right to Cancel?A: A Waiver of Right to Cancel is a clause in a prepaid funeral benefit contract that eliminates the consumer's right to cancel the contract within a certain period of time.

Q: What is a prepaid funeral benefit contract?A: A prepaid funeral benefit contract is a contract where a consumer pays in advance for funeral goods and services.

Q: Why would someone need to waive their right to cancel?A: By waiving their right to cancel, consumers may be able to secure a lower price for their prepaid funeral benefit contract.

Q: Is it mandatory to have a Waiver of Right to Cancel in a prepaid funeral benefit contract in Texas?A: No, it is not mandatory to have a Waiver of Right to Cancel in a prepaid funeral benefit contract in Texas.

Q: Can a consumer still cancel a prepaid funeral benefit contract even with a Waiver of Right to Cancel?A: No, a consumer cannot cancel a prepaid funeral benefit contract if they have waived their right to cancel.