Indiana Statutes
§ 24-5-7-3 — Contracts; term; limitations
(a)No contract for health spa services may
require payments or financing by the buyer over a period in excess of
thirty-six (36) months from the date that the contract is entered into.
The term of a contract may not be measured by or be for the life of the
buyer.
(b)The term of a contract may not exceed three (3) years from the
date that the contract is entered into. A buyer may renew a contract for
additional periods, but the contract price for the renewal of a contract
must be at least twenty-four dollars ($24) per year.
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Related
Odier v. Hoffmann School of Martial Arts, Inc.
619 F. Supp. 2d 571 (N.D. Indiana, 2008)
Legislative History
As added by P.L.249-1983, SEC.1. Amended by P.L.24-1989,
SEC.15.
Nearby Sections
15
§ 24-1-1-3
Offense§ 24-1-1-4
Persons affected by chapter; exception§ 24-1-1-5
Civil suit for damages§ 24-1-1-6
Special grand jury instructions§ 24-1-2-10
Person; definition§ 24-1-2-2
Monopoly; offense