552.4 Contracts for physical exercise club services — right of cancellation.
1. A physical exercise club contract shall provide that the contract may be canceled within three business days after the date of receipt by the buyer of a copy of the signed contract. Cancellation shall be by written notice delivered to the seller at an address which shall be specified in the contract. Cancellation is complete upon mailing of the notice of cancellation. After receipt of the cancellation, the physical exercise club may request the return of contract forms, membership cards, and all other documents and evidence of membership previously delivered to the buyer. The buyer is entitled to a refund of the entire consideration paid for the contract, if any, less twenty dollars.
2. A physical exercise club contract shall in plain terms disclose whether the physical exercise club will allow the buyer to cancel the contract in the event of the death or disability of the buyer.
88 Acts, ch 1221, §4; 2021 Acts, ch 76, §150
Referred to in §552.1, 552.16
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.