The licensee shall furnish the buyer with a fully completed receipt or copy of any contract pertaining to any sale at the time of execution. It shall include a space for indicating the date of the transaction, the name and address of the licensee, and in immediate proximity to the space reserved in the contract for the signature of the buyer or on the front page of the contract, a statement informing the buyer of his right to cancel the transaction at any time prior to midnight of the third (3rd) business day after the date of the transaction. The notice of cancellation shall be by writing or telegram at the licensee's place of business and shall be signed and dated by the buyer. The licensee shall furnish the buyer with a senior consumer rights disclosure form that shall be created by the Department of Family Services. The Department of Family Services shall make these forms available to all licensees. The Department of Family Services' senior consumer rights disclosure shall contain but not limited to: The right for seniors to cancel within seven (7) business days. A checklist of suggested safeguards for seniors. A signature line confirming receipt and understanding by the senior.