§ 557b-10

557B.10 Purchaser’s right of cancellation. A purchaser has the right to cancel a membership camping contract within three business days following the date the contract is executed or within three business days following thedate of delivery of the written disclosure statement required by section 557B.8, whicheverevent is later. 1. The right to cancel may not be waived and any attempt to obtain such a waiver is unlawful. 2. A purchaser may cancel the contract by hand delivering a written statement of cancellation or by mailing such a statement to the membership camping operator. Thecancellation is deemed effective upon mailing. 3. Upon cancellation and return of all membership and reciprocal use materials furnished at the time of purchase, the membership camping operator shall refund to the purchaserall payment and other consideration given by the purchaser. The refund shall be madewithin thirty calendar days after the membership camping operator receives notice ofthe cancellation and may, where payment has been made by credit card, be made by anappropriate credit to the purchaser’s account.

calendar days after the membership camping operator receives notice ofthe cancellation and may, where payment has been made by credit card, be made by anappropriate credit to the purchaser’s account. If the membership camping operator fails torefund the payment or other consideration given within the thirty-day period, it is presumedthat the membership camping operator is willfully and wrongfully retaining the payment orother consideration. The willful retention of a payment or other consideration in violationof this section renders the membership camping operator liable for double the amount ofthat portion of the payment or other consideration wrongfully withheld from the purchasertogether with reasonable attorney fees and court costs. 4. The membership camping operator or salesperson shall orally inform the purchaser at the time the contract is executed of the right to cancel the contract as provided in this section. 87 Acts, ch 181, §14 Sat Dec 23 11:05:16 2023 Iowa Code 2024, Section 557B.10 (14, 0)