What is the minimum number of days before changes take effect for contract notices?

• A. 3 days
• B. 5 days
• C. 7 days
• D. 10 days

Answer: (C)

The key idea is protecting customers by ensuring they're not surprised by changes. Regulations require that any change to a contract with a customer be preceded by written notice given a full seven days before the change takes effect. This seven-day window gives the customer time to review the new terms, ask questions, or decide whether to continue under the updated contract. The notice must be provided in writing and the change cannot go into effect before that seven-day period ends, making seven days the minimum required lead time. Other intervals (3, 5, or 10 days) don’t meet this minimum.