66-118. Definitions. As used in this Article, unless the context clearly requires otherwise: (1) "Contract cost" means the total consideration paid by a buyer pursuant to a contract including but not limited to: a. Any initiation or nonrecurring fee charged; b. All periodic fees required by the contract; c. All dues or maintenance fees; and […]
66-119. Contract requirements. Every prepaid entertainment contract shall: (1) Be in writing, fully completed, dated and signed by all contracting parties. A copy of the contract shall be given to the buyer at the time he signs the contract; (2) Have a duration of service that is a precisely measured period of years or any […]
66-120. Buyer’s rights. Every seller of a prepaid entertainment contract must: (1) Deliver to the buyer all information of a personal or private nature, including but not limited to answers to tests or questionnaires, photographs, evaluations, and background information, within 30 days after request therefor; (2) Refund to the buyer at least ninety percent (90%) […]
66-121. Buyer’s right to cancel. (a) In addition to any right otherwise to revoke an offer or cancel a sale or contract, the buyer has the right to cancel a prepaid entertainment contract sale until midnight of the third business day after the buyer signs a contract which complies with G.S. 66-119(4). (b) Cancellation occurs […]
66-122. Rights and responsibilities after cancellation. Within 30 days after a prepaid entertainment contract has been cancelled in accordance with G.S. 66-121, the seller must tender to the buyer any payments made by the buyer and any note or other evidence of indebtedness. (1979, c. 833, s. 1.)
66-123. Prohibited practices. (a) No person shall sell any prepaid entertainment contract or contracts which, when taken together with all other contracts in force between the parties have an aggregate duration of service in excess of three years. (b) No person shall sell any prepaid entertainment contract unless performance of that contract is to begin […]
66-124. Bond or escrow account required. (a) Prior to the sale of any prepaid entertainment contract for services which are available on the day of sale, the seller shall purchase a surety bond issued by a surety company authorized to do business in this State, as follows: (1) The amount of the surety bond shall […]
66-124.1. Record keeping; provision of records to the Attorney General. (a) Any person or business bonded under this Article shall maintain accurate records of the bond and of premium payments on it. These records shall be open to inspection by the Attorney General at any time during normal business hours. (b) Any person who sells […]
66-125. Remedies. (a) Any buyer injured by any violation of this Article may bring an action for recovery of damages, including reasonable attorney’s fees. (b) The remedies herein shall be in addition to any other remedies provided for by law or in equity, but the damages assessed shall not exceed the largest amount of damages […]
