(1) No contract term shall exceed thirty-six (36) months from the date the contract is entered into; however, a member may renew a contract for additional terms. No contract term shall be measured by or be for the life of the member.
(2) No contract shall require payments or financing by the member over a period in excess of thirty-six (36) months from the date the contract is entered into.
Effective: July 15, 1988
History: Created 1988 Ky. Acts ch. 367, sec. 2, effective July 15, 1988.