SB3420 - Tennessee - Consumer Protection

Companion Bill HB3407. Consumer Protection - Requires that health club agreement inform the buyer that the buyer may cancel the agreement by midnight of the seventh business day after the day the agreement was signed, if the agreement is subject to a finance charge; clarifies what qualifies as a "health club agreement." - Amends TCA Title 47, Chapter 18, Part 3. Fiscal Summary for *SB3420 / HB3407Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenue - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *SB3420 / HB3407 ON MARCH 31, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 3420, AS AMENDED. AMENDMENT #1 clarifies that the notice, which is required to be included in health club agreements, must inform consumers that [...]

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