House Journal: Page 1267: Tuesday, April 9, 2002
32 TRANSFERS OF FUNDS.
33 1. A merchant who engages a telephone solicitor to
34 make or cause to be made a telephone solicitation
35 shall not make or submit any charge to a consumer's
36 credit card account or make or cause to be made any
37 electronic transfer of funds until after the merchant
38 receives from the consumer a copy of the contract,
39 signed by the consumer, that complies with section
40 476B.5.
41 2. This section does not apply to any of the
42 following:
43 a. A transaction made pursuant to prior
44 negotiations in the course of a visit by the consumer
45 to a merchant operating a retail business
46 establishment which has a fixed permanent location and
47 where consumer goods or services are displayed or
48 offered for sale on a continuing basis.
49 b. A transaction in which the consumer may obtain
50 a full refund for the return of undamaged and unused
Page 7
1 consumer goods or a cancellation of consumer services
2 by notice to the seller within seven days after
3 receipt by the consumer, and the seller will process
4 the refund within thirty days after receipt of the
5 returned consumer goods or cancellation of the
6 consumer services by the consumer.
7 c. A transaction in which the consumer purchases
8 consumer goods or services pursuant to an examination
9 of a television, radio, or print advertisement or a
10 sample, brochure, or catalog of the merchant that
11 contains all of the following:
12 (1) The name, address, and telephone number of the
13 merchant.
14 (2) A description of the consumer goods or
15 services being sold.
16 (3) Any limitations or restrictions that apply to
17 the offer.
18 d. A transaction in which the merchant is a bona
19 fide charitable organization or a newspaper.
20 Sec. . NEW SECTION. 476B.7 PREPAID CALLING
21 CARDS - DISCLOSURES - REQUIREMENTS.
22 1. A prepaid calling card company shall provide
23 all of the following information about the prepaid
24 calling services in a prominent area at the point of
25 sale of the prepaid calling services, legibly and
26 visibly printed on the card, packaging, or display in
27 such a manner that the consumer may make an informed
28 decision about the prepaid calling services prior to
29 purchase:
30 a. The maximum charge per minute for the prepaid
© 2002 Cornell College and
League of Women Voters of Iowa
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