SB 1216 Modifies the law relating to travel clubs
Sponsor: Goodman
LR Number: 5301S.01T Fiscal Note: 5301-01
Committee: Small Business, Insurance & Industrial Relations
Last Action: 6/29/2006 - Signed by Governor Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006
House Handler: Wasson

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Current Bill Summary

SB 1216 - This act modifies certain definitions used in the provisions regarding travel clubs and the required language used in rescission statements on travel club contracts. It changes how a travel club membership purchaser can rescind a transaction.

Currently, a travel club membership purchaser may receive a full refund after canceling their purchase, minus the cost of any services actually consumed. Under this act, the purchaser is entitled to a full refund, minus the actual and reasonable cost of processing the refund, including credit card fees.