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Amend KRS 367.397 to allow a buying club or vacation club member to cancel his or her membership in writing for a full refund within three business days rather than thirty business days; make the three day cancellation deadline follow the date the membership contract was signed rather than the date membership was attained; delete prorated refund for cancellations after thirty business days; amend KRS 367.399 to remove the prorated refund provision from the mandatory contract text; included a prominent disclosure of the three-day deadline at the beginning of the required "Members' Right to Cancel" text.
Latest Actions
  • 04/24/2008 - Signed by Governor (Acts Ch. 172)
  • 04/15/2008 - Reported favorably, to Rules; posted for passage in the Regular Orders of the Day for Tuesday, April 15, 2008; 3rd reading, passed 35-3; received in House; enrolled, signed by each presiding officer; delivered to Governor
  • 03/26/2008 - Taken from committee Judiciary (S); 2nd reading; returned to Judiciary (S)
  • 03/25/2008 - Taken from committee Judiciary (S); 1st reading; returned to Judiciary (S)
  • 03/18/2008 - To Judiciary (S)

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Bill Text
File name Last Updated
HB50702/15/2008