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The period within which the buyer may cancel the contract prescribed by this section begins to run from the time of the seller complies with divisions (A) and (B) of this section. (D) In any prepaid entertainment contract no seller shall: (1) Include in any contract, any confession of judgment or any waiver of any rights to which the buyer is entitled under this section, including specifically his right to cancel the contract in accordance with this section; (2) Fail to inform each buyer orally, at the time he signs the contract, of his right to cancel; (3) Misrepresent in any manner the buyer's right to cancel; (4) Fail or refuse to honor any valid notice of cancellation by a buyer and within ten business days after receipt of the notice to: (a) Refund all payments made under the contract, except that if the buyer has received his first service under the contract the seller may retain or bill the buyer for ten dollars; (b) Cancel and return any note, negotiable instrument, or other evidence of indebtedness executed by the buyer in connection with the contract and take any action necessary to reflect the termination of any security interest or lien created under the contract; (c) Notify the buyer if the seller intends to repossess or abandon any evidence of membership or other goods provided to the buyer by the seller pursuant to the contract. (E) If there is in effect an earlier prepaid entertainment contract, this section and section 1345.43 of the Revised Code apply to a transaction in which the seller and the buyer enter into a new prepaid entertainment contract, or a modification of the earlier contract. 1345.45 Retaining notice of cancellation.

Pages: 240

Publisher: Hart Publishing (January 12, 2017)

ISBN: 1509905332

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