Virginia Code 59.1-296.3: Initiation fees
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Whenever a refund is due a buyer, any initiation fee charged by a health club shall be prorated over the life of the contract or 12 months, whichever is greater.
Terms Used In Virginia Code 59.1-296.3
- Buyer: means a natural person who enters into a health club contract. See Virginia Code 59.1-296
- Contract: A legal written agreement that becomes binding when signed.
- Health club: means any person, firm, corporation, organization, club or association whose primary purpose is to engage in the sale of memberships in a program consisting primarily of physical exercise with exercise machines or devices, or whose primary purpose is to engage in the sale of the right or privilege to use exercise machines or devices. See Virginia Code 59.1-296
- Initiation fee: means a nonrecurring fee charged at or near the beginning of a health club membership, and includes all fees or charges not part of the monthly fee. See Virginia Code 59.1-296
1985, c. 585; 1990, cc. 392, 433; 2014, c. 459.