Indiana § 24-5-7-8 Contracts cancelled; refunds; proration, cancellation of loan
agreements

Indiana Statutes

§ 24-5-7-8 — Contracts cancelled; refunds; proration, cancellation of loan agreements

Indiana·Art. 5 CONSUMER SALES·Ch. 7 Health Spa Services

(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

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Indiana § 24-5-7-8 (Contracts cancelled; refunds; proration, cancellation of loan agreements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.