367.913 Member's cancellation rights.
151 words·~1 min read·
/ky/chapter-367/367-913A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)In addition to any rights that may be conferred upon a member by KRS 367.610, no
holder of a consumer credit contract, as that term is defined in KRS 367.600, shall
fail to honor a member's cancellation rights and provide a refund within the time
period required by KRS 367.910.
(2)Subsection
(1)of this section shall apply regardless of whether the consumer credit
contract is in compliance with trade regulations issued or promulgated by the
Federal Trade Commission or any regulation of the Board of Governors of the
Federal Reserve System or similar federal agency having jurisdiction relating to
preservation of consumer claims and defenses in credit transactions.
(3)No assignee of a health spa's right to payment pursuant to a contract not providing
for an extension of credit shall fail to honor a member's cancellation rights and
provide a refund within the time period required by KRS 367.910.