552.17 Consumer credit sales.
1. A physical exercise club contract where a finance charge is made or where payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment, is a consumer credit sale within the meaning of section 537.1301, subsection 13, and is subject to chapter 537. If any periodic payment, other than the down payment under an agreement requiring or permitting two or more periodic payments, is more than twice the amount of any other periodic payment other than the down payment, a transaction is “payable in installments” within the meaning of section 537.1301, subsection 34.
2. The provisions of this chapter providing rights and protections to buyers are in addition to the provisions of chapter 537.
88 Acts, ch 1221, §17; 2021 Acts, ch 76, §150
Code editor directive applied
Structure Iowa Code
Chapter 552 - PHYSICAL EXERCISE CLUBS
Section 552.3 - Unenforceable contracts.
Section 552.4 - Contracts for physical exercise club services — right of cancellation.
Section 552.5 - Contract — statement of buyer’s rights — form.
Section 552.6 - Delivery of physical exercise club rules.
Section 552.7 - Buyer’s cancellation.
Section 552.8 - Duration of contract — renewal.
Section 552.9 - Notice of membership plans, prices, and right of cancellation.
Section 552.10 - Statement regarding assignability of buyer’s obligation.
Section 552.11 - Buyer’s rights upon assignment.
Section 552.12 - Listing of equipment and services.
Section 552.13 - Remedies — violations.
Section 552.14 - Prohibited activities.
Section 552.16 - Escrow — bond.
Section 552.17 - Consumer credit sales.
Section 552.18 - Waiver of provisions.