SCS/HB 83 - This act specifies that any use of travel club membership benefits during the three-day rescission period of the membership contract will not effectively waive the member's right to rescind the contract. Under this act, a travel club must provide information in its registration statement with the attorney general demonstrating that it possesses at least $250,000 dollars of liquid assets in certain forms. Such requirement is also required with the renewal registration. Such assets shall be available to the attorney general if the travel club fails to meet its legal obligations to its members. This act is similar to SB 156 (2009).
SUSAN HENDERSON MOORE