There is a newer version of the Connecticut General Statutes
2009 Connecticut Code
Title 21a Consumer Protection
Chapter 420 Health Clubs
Sec. 21a-220. (Formerly Sec. 19-341e). Negotiable promissory notes to be clearly identified. Buyer's rights upon sale or discount. Time period for payment.
Sec. 21a-220. (Formerly Sec. 19-341e). Negotiable promissory notes to be
clearly identified. Buyer's rights upon sale or discount. Time period for payment.
If the buyer's obligation is in the form of a negotiable promissory note, such contract
shall state in boldface type on the face page of said contract that the buyer's promissory
note may be discounted and sold to third parties to whom the buyer will become obligated
to make full payment. The selling or discounting of a negotiable promissory note which
represents the buyer's obligation under a health club service contract shall not affect
the right of the buyer to cancel the contract, the method by which cancellation may be
made, or the buyer's rights under section 52-572g or Section 433.1 et seq. of Title 16
of the Code of Federal Regulations, as they may from time to time be amended. When
a buyer's obligation is in the form of a promissory note, the time period for payment of
the note shall not exceed the term of the health club contract.(P.A. 76-262, S. 5; P.A. 77-585, S. 5; P.A. 90-96, S. 5; P.A. 05-158, S. 5.)
History: P.A. 77-585 added provision protecting buyers' rights despite selling or discounting of negotiable promissory note; Sec. 19-341e transferred to Sec. 21a-220 in 1983; P.A. 90-96 added provision limiting the time period for payment when buyer's obligation is in the form of a promissory note; (Revisor's note: In 1997 a reference to "bold-faced" type was replaced editorially by the Revisors with "boldface" type for consistency with customary statutory usage); P.A. 05-158 changed "duration of the health club contract" to "term of the health club contract", effective July 1, 2005.
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