367.399 Membership contract requirements -- Disclosure of cancellation rights.

266 words·~1 min read·/ky/chapter-367/367-399

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A copy of every contract shall be delivered to the member at the time the contract is

signed. Every contract shall be in writing, shall be signed by the member, shall

designate the date on which the member signed the contract, and shall state, clearly

and conspicuously in boldface type of a minimum size of fourteen

(14)points, the

following:

"MEMBERS' RIGHT TO CANCEL"

"KENTUCKY LAW GIVES YOU THREE

(3)DAYS TO CANCEL YOUR

AGREEMENT WITH US. If you wish to cancel this contract, you may cancel by

delivering or mailing a written notice to the company. Certified mail would provide

greater protection than first-class mail, but is not necessary. If you deliver the notice

personally, you are entitled to a receipt. Your notice must make known that you do

not wish to be bound by the contract. If the notice is delivered or mailed before

midnight of the third business day after you sign this contract, you are entitled to a

refund of the entire consideration paid for the contract. The notice must be delivered

or mailed to (insert name and mailing address of company). If you cancel, the club

is required to return, within ten

(10)days of the date on which you give notice of

cancellation, any payments you have made."

(2)Until the buying club or vacation club has complied with this section, the member

may cancel the contract by notifying the club in any manner and by any means of

the member's intention to cancel and is then entitled to a refund of the entire

consideration paid for the contract.