All health club contracts and any promissory note executed by the buyer in connection therewith shall contain the following provision on the face thereof in at least 10-point, boldface type:
NOTICE
ANY HOLDER OF THIS CONTRACT OR NOTE IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER.
1984, c. 738; 2014, c. 459.
Structure Code of Virginia
Title 59.1 - Trade and Commerce
Chapter 24 - Virginia Health Club Act
§ 59.1-295. Statement of purpose
§ 59.1-296.1. Registration; fees
§ 59.1-296.2. Contracts sold on prepayment basis
§ 59.1-296.2:1. Prepayment contracts; prohibited practices; relocation; refund
§ 59.1-296.2:2. Automated external defibrillator required
§ 59.1-297. Right of cancellation
§ 59.1-297.1. Payment and calculation of refunds
§ 59.1-297.2. Automatic termination of a health club contract
§ 59.1-299. Duration of contract
§ 59.1-300. Provisions of this chapter not exclusive
§ 59.1-301. Noncomplying contract voidable
§ 59.1-302. Fraud rendering contract void
§ 59.1-303. Waiver of provisions void and unenforceable
§ 59.1-304. Notice of preservation of buyers' rights
§ 59.1-306. Bond or letter of credit required; exception
§ 59.1-307. Bond or letter of credit; persons protected
§ 59.1-308. Change in ownership of health club
§ 59.1-308.1. Production of records