§ 5-85-1. Definitions. (a) “Discount buying club” means any person, firm, or corporation, who or that, in exchange for valuable consideration, offers to sell or to arrange the sale of goods or services to its customers at prices represented to be lower than are generally available. (b) “Discount buying club” shall not include any cooperative […]
§ 5-85-2. Contract requirements. (a) Every contract between a discount buying club and its customers shall be in writing, completely filled out, dated, and signed by all contracting parties. A copy of the completed contract shall be given to the buyer at the time he or she signs it. The contract shall, in clear, conspicuous, […]
§ 5-85-3. Customer’s right to cancel. Each contract for a discount buying club membership shall provide that the contract may be cancelled at anytime up until midnight of the third (3rd) business day after the date of receipt by the buyer of a copy of the written contract, by written notice, delivered by certified or […]
§ 5-85-4. Prohibited acts. Discount buying clubs shall not: (1) Discourage or refuse to allow a potential customer to inspect any of their current merchandise catalogs and price lists during the formal prescheduled information session at their place of business. (2) Refuse to refund or exchange a good that does not conform to the customer’s […]
§ 5-85-5. Violations. A violation of any of the provisions in this chapter shall constitute an unfair or deceptive act or practice as defined in chapters 13 and 13.1 of title 6. History of Section.P.L. 2010, ch. 52, § 1; P.L. 2010, ch. 73, § 1.
