KRS 367.913: Member's cancellation rights.

(1) In addition to any rights that may be conferred upon a member by KRS 367.610, no

holder of a consumer credit contract, as that term is defined in KRS 367.600, shall

fail to honor a member's cancellation rights and provide a refund within the time

period required by KRS 367.910.

(2) Subsection (1) of this section shall apply regardless of whether the consumer credit

contract is in compliance with trade regulations issued or promulgated by the

Federal Trade Commission or any regulation of the Board of Governo rs of the

Federal Reserve System or similar federal agency having jurisdiction relating to

preservation of consumer claims and defenses in credit transactions.

(3) No assignee of a health spa's right to payment pursuant to a contract not providing

for an e xtension of credit shall fail to honor a member's cancellation rights and

provide a refund within the time period required by KRS 367.910.