Sec. 3. (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.
As added by P.L.249-1983, SEC.1. Amended by P.L.24-1989, SEC.15.
Structure Indiana Code
Chapter 7. Health Spa Services
24-5-7-0.1. Application of Certain Amendments to Chapter
24-5-7-2. Contracts; Requisites
24-5-7-3. Contracts; Term; Limitations
24-5-7-4. Contracts; Time for Performance; Voidability
24-5-7-5. Contracts; Cancellation; Notice; Refunds
24-5-7-6. Contracts; Cancellation Provisions; Contingencies
24-5-7-7. Contracts; Cancellation Provisions; Evidence of Disability or Death
24-5-7-8. Contracts Cancelled; Refunds; Proration, Cancellation of Loan Agreements
24-5-7-9. Compliance With Other Provisions of Law
24-5-7-10. Contracts; Voidability for Noncompliance; Cure by Seller; Actions
24-5-7-11. Contracts; Voidability for False Information or Advertisement
24-5-7-12. Waiver of Chapter Provisions Void
24-5-7-13. Surety Bonds; Contracts for Services to Be Rendered at Planned Facilities
24-5-7-14. Surety Bonds; Requisites; Cancellation; Notices; New Bond
24-5-7-16.5. Refunds; Options; Repair and Maintenance
24-5-7-17. Violations by Buyer or Seller; Actions; Penalties