SECTION 1. Section 78 of chapter 93 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by inserting after the definition of “Health club” the following definition:-

“Physical fitness services”, any instruction, training or assistance in the preservation, maintenance, encouragement or development of physical fitness, conditioning or well being offered by a person, firm, corporation, partnership, unincorporated association, franchise or other business enterprise.

SECTION 2. Said chapter 93, as so appearing, is hereby amended by striking out section 81 and inserting in place thereof the following section:-

Section 81.  Every contract for health club services or physical fitness services shall provide clearly and conspicuously in writing that such contract may be cancelled within 3 business days after the date of receipt by the buyer of a copy of the written contract or written receipt indicating the buyer's payment for health club services or physical fitness services. The contract for health club services or physical fitness services shall contain the following written notice in at least 10 point bold type:

“CONSUMER'S RIGHT TO CANCELLATION. YOU MAY CANCEL THIS CONTRACT WITHOUT ANY PENALTY OR FURTHER OBLIGATION BY CAUSING A WRITTEN NOTICE OF YOUR CANCELLATION TO BE DELIVERED IN PERSON OR POSTMARKED BY CERTIFIED OR REGISTERED UNITED STATES MAIL WITHIN THREE (3) BUSINESS DAYS OF THE DATE OF THIS CONTRACT OR THE DATE OF YOUR RECEIPT TO THE ADDRESS SPECIFIED IN THIS CONTRACT.”

Notice of the buyer's right to cancel and the method of cancellation under this section shall also be posted clearly and conspicuously on the premises of the health club.

The notice of the buyer's cancellation of the contract shall be in writing and delivered in person or by certified or registered United States mail at the address specified in the contract. Such notice shall be accompanied by the contract forms, membership cards and any other documents or evidence of membership previously delivered to the buyer. All monies paid pursuant to such contract shall be refunded within 15 business days of receipt of such notice of cancellation. If the buyer has executed any credit or loan agreement to pay for all or part of the health club services or physical fitness services, any such negotiable instrument shall be void upon cancellation under this section and shall also be returned to the buyer within said 15 days.