Sec. 8. (a) All money paid pursuant to a contract for health spa services that is cancelled under this chapter shall be refunded within thirty (30) days of receipt of a notice of cancellation. However, in a cancellation under section 6 of this chapter, the seller may retain the portion of the total price representing the services used or completed plus reimbursement for the expenses incurred in an amount not to exceed twenty-five percent (25%) of the total contract price. In no instance may the seller demand more than the full contract price from the buyer.

     (b) If the buyer has executed any credit or loan agreement to pay for all or part of the cancelled health spa services, that agreement shall also be cancelled and returned within thirty (30) days. Notice of the duty described by this subsection must be included in each health spa services contract, in at least ten (10) point boldface type.

As added by P.L.249-1983, SEC.1. Amended by P.L.12-1986, SEC.9.

Terms Used In Indiana Code 24-5-7-8

  • Buyer: means a purchaser of services under a contract for health spa services. See Indiana Code 24-5-7-1
  • Contract: means a contract for health spa services entered into after August 31, 1983. See Indiana Code 24-5-7-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Health spa: means any business entity, other than an entity that is exempt from taxation under Section 501 of the Internal Revenue Code, offering health spa services to the public. See Indiana Code 24-5-7-1
  • Health spa services: means instruction, training, or assistance in physical culture, bodybuilding, exercising, reducing, figure development, or any other health spa service, for the use of the facilities of a health spa, figure salon, weight loss clinic, gymnasium, or other facility used for the delivery of health spa services, or for membership in any group, club, association, or organization formed to deliver health spa services. See Indiana Code 24-5-7-1
  • Seller: means a seller of services under a contract for health spa services. See Indiana Code 24-5-7-1
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