(P.L.1224, No.387), known as the Unfair Trade Practices and
Consumer Protection Law, shall be permitted to rescind the
contract without penalty regardless of where the contract was
signed, within three business days following the date of
signing. A home construction contract that does not contain a
notice of this right of rescission is voidable by the consumer.
(c) Copy to be provided.--A home builder shall provide and
deliver to the consumer, without charge, a completed copy of the
home building contract at the time the contract is executed.
(d) Arbitration clause.--Nothing in this act shall preclude
the court from setting aside an arbitration clause on any basis
permitted under Pennsylvania law. If the contract contains an
arbitration clause, it shall meet the following requirements or
be deemed void by the court upon motion of either party, filed
prior to the commencement of arbitration:
(1) the text of the clause must be in capital letters;
(2) the text shall be printed in 12-point boldface type,
and the arbitration clause must appear on a separate page
from the rest of the contract;
(3) the clause shall contain a separate line for each of
the parties to indicate their assent to be bound thereby;
(4) the clause shall not be effective unless both
parties have assented as evidenced by signature and date,
which shall be the date on which the contract was executed;
(5) the clause shall state clearly whether the decision
of the arbitration is binding on the parties or may be
appealed to the court of common pleas; and
(6) the clause shall state whether the facts of the
dispute, related documents and the decision are confidential.
(e) Voidable clause.--If a home construction contract
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