1. Every agreement for cemetery merchandise under this chapter shall be written in clear, understandable language and shall be printed or typed in easy-to-read type, size, and style, and shall:
a. Identify the seller, the salesperson's permit and establishment name and permit number, the expiration date of the salesperson's permit, the purchaser, and the person for whom the cemetery merchandise is purchased if other than the purchaser.
b. Specify the cemetery merchandise to be provided, and the cost of each merchandise item.
c. State clearly the conditions on which substitution will be allowed.
d. Set forth the total purchase price and the terms under which it is to be paid.
e. State clearly whether the agreement is a guaranteed price contract or a nonguaranteed price contract.
f. State clearly whether the agreement is a revocable or irrevocable contract, and who has the authority to revoke the contract.
g. State the amount or percentage of money to be placed in trust.
h. Explain the disposition of the interest and disclose what fees and expenses may be charged if incurred.
i. Specify the purchaser's right to cancel and damages for cancellation, if any.
j. State the name and address of the commissioner.
2. Every agreement shall be signed by the purchaser and the seller.
90 Acts, ch 1213, §18
Iowa General Assembly
Search: Iowa Code 1995
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