Registration Of Credit Services Organization Form Page 9

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c. A full and detailed description of the services to be performed by the credit services
organization for the buyer, including all guarantees and all promises of full or partial
refunds, and the estimated date by which the services are to be performed or estimated
length of time for performing the services.
d. The address of the credit services organization’s principal place of business and
the name and address of its agent in the state authorized to receive service of process.
2. The contract must have attached two easily detachable copies of the notice of
cancellation. The notice must be in boldface type and in the following form:
Notice of Cancellation
You may cancel this contract, without any penalty or obligations, within three
days
after
the
date
the
contract
is
signed.
If you cancel, any payment made by you under this contract will be returned
within ten days after the date of receipt by the seller of your cancellation notice.
To cancel this contract, mail or deliver a signed, dated copy of this cancellation
notice or other written notice to: (name of seller) at (address of seller) (place of
business)
not
later
than
midnight
(date).
(Date)
......
(Purchaser’s signature) .........
3. The credit services organization shall give to the buyer a copy of the completed
contract and all other documents the credit services organization requires the buyer to
sign at the time they are signed.
89 Acts, ch 183, §7
CS89, §533C.7
C93, §538A.7
538A.8 Waiver.
1. A credit services organization shall not attempt to cause a buyer to waive a right
under
this
chapter.
2. A waiver by a buyer of any part of
this chapter
is void.
89 Acts, ch 183, §8
CS89, §533C.8
C93, §538A.8
538A.9 Action for damages.
1. A buyer injured by a violation of
this chapter
may bring an action for recovery of
damages. The damages awarded shall not be less than the amount paid by the buyer
to the credit services organization, plus reasonable attorney’s fees and court costs.
2. The buyer may also be awarded punitive damages.
89 Acts, ch 183, §9
CS89, §533C.9
C93, §538A.9
538A.10 Injunction.
The attorney general or a buyer may bring an action in a district court to enjoin a
violation of
this
chapter.
89 Acts, ch 183, §10
CS89, §533C.10
C93, §538A.10

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