HRS §486N-8.5
How health club contracts must be paid over time
Health club contracts longer than one year must let you pay in installments. You cannot pay more than 20% upfront, and the rest must be paid in equal monthly payments. The club can charge interest on late monthly payments, but the interest must follow state law.
businesses
The statute, as written — Payment of contract price
Every health club contract in excess of one year in duration shall provide that the contract price be paid by an installment plan, whereby no more than twenty per cent of the contract price can be paid as the initial payment, and the balance of the contract price shall be paid in equal monthly amounts over the remaining term of the contract. The health club shall be entitled to charge interest on the overdue unpaid balance of any monthly installment subsequent to the initial payment. The interest charged on the contract shall comply with chapter 478.
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