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.
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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: A legal written agreement that becomes binding when signed.
- Contract: means a contract for health spa services entered into after August 31, 1983. See Indiana Code 24-5-7-1
- 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
As added by P.L.249-1983, SEC.1. Amended by P.L.12-1986, SEC.9.
