Rescission and pro rata refund; removal of place of business

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44-1797.14. Rescission and pro rata refund; removal of place of business

If a discount buying organization removes its place of business, or if it conducts business at more than one location, that place of business which is geographically closest to the buyer's residence indicated on the face of the contract, more than twenty miles farther from the buyer's residence than it was at the time the contract for discount buying services was entered into, the organization shall offer rescission and a pro rata refund to each buyer affected, based on the amount of time for which the buyer has been a member of the organization.


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