§ 59.1-297.1. Payment and calculation of refunds
A. All refunds for cancellation of membership shall be paid within 30 days of the health spa's receipt of written notice of cancellation by the buyer and calculated by:
1. Dividing the contract price by the term of the contract in days;
2. Multiplying the number obtained in subdivision 1 by the number of days between the effective date of the contract and the date of cancellation; and
3. Subtracting the number obtained in subdivision 2 from the total price paid on the health spa contract.
B. In the event of the health spa going out of business, the date of cancellation shall be the date the health spa ceased providing health spa services.
(2003, c. 344.)
Sections: Previous 59.1-295 59.1-296 59.1-296.1 59.1-296.2 59.1-296.2:1 59.1-296.3 59.1-297 59.1-297.1 59.1-297.2 59.1-298 59.1-299 59.1-300 59.1-301 59.1-302 59.1-303 NextLast modified: April 3, 2009