uires the payment of a fee for initiation or membership in an amount greater than $75; or 3. The dance studio or health club accepts from a buyer more than $100 at any one time for dance lessons, the use of facilities or other services. (Added to NRS by 1989, 2038; A 1993, 1962) NRS 598.944 Registration of dance studio or health club required. 1. Each owner of a dance studio or health club shall register with the Division pursuant to NRS 598.721, listing the full name and address of the studio or club and any other description of its facilities or activities the Division requires. 2. At least one member of the governing body of the dance studio or health club must live in the county where the studio or club is located. He is the agent of the studio or club and its owner for receipt of process served. (Added to NRS by 1989, 2038; A 1993, 1962; 1997, 3199) NRS 598.946 Owner of dance studio or health club to register and deposit security before advertising services or conducting business in this State: Amount of security; adjustment of security; exception from requirement to deposit security. 1. Except as otherwise provided in subsection 5, before advertising its services or conducting business in this State, the owner of a dance studio or a health club must register pursuant to NRS 598.721 and 598.944 and deposit security with the Division pursuant to NRS 598.726. The security must: (a) Be conditioned on compliance by the owner with the provisions of NRS 598.940 to 598.966, inclusive, and the terms of the contract with a buyer; and (b) Remain on deposit with the Division until the release of the security is authorized or required pursuant to NRS 598.736, except that the dance studio or health club may change the form of the security as provided in NRS 598.726. 2. Except as otherwise provided in subsection 3, the amount of the security to be deposited must be: (a) Ten thousand dollars, if the dance studio or health club has less than 400 members; (b) Fifteen thousand dollars, if the dance studio or health club has 400 members or more but less than 800 members; (c) Twenty thousand dollars, if the dance studio or health club has 800 members or more but less than 1,200 members; (d) Twenty-five thousand dollars, if the dance studio or health club has 1,200 members or more but less than 1,500 members; (e) Thirty-five thousand dollars, if the dance studio or health club has 1,500 members or more but less than 4,000 members; (f) Fifty thousand dollars, if the dance studio or health club has 4,000 members or more but less than 25,000 members; and (g) Two hundred and fifty thousand dollars, if the dance studio or health club has 25,000 or more members. 3. If a dance studio or health club conducts any pre-sale of dance lessons, the use of facilities or other services, the amount of the security required by this section is $100,000 unless a greater amount is required pursuant to paragraph (g) of subsection 2. 4. A dance studio or health club shall report to the Division on a quarterly basis the size of its membership and shall, on the basis of any change in the size of that membership, adjust accordingly the amount of the security deposited with the Division. 5. If, on October 1, 2001, a dance studio or health club has not deposited security with the Division pursuant to NRS 598.726 because it was not required to do so pursuant to this section, the dance studio or health club: (a) Is not required to deposit security with the Division pursuant to NRS 598.726; and (b) Shall obtain a written acknowledgment from each member and prominently post a notice on its premises stating that no security for refunds or reimbursement has been deposited with the State of Nevada. (Added to NRS by 1989, 2038; A 1993, 1963; 1997, 3200; 2001, 2152) NRS 598.948 Requirements for contract between buyer and dance studio or health club. Each contract between the buyer and the dance studio or health club must: 1. Be in writing, legible and have all spaces filled in before the buyer signs it; 2. Be in the language in which the sales presentation was given; 3. Contain the addresses of the buyer and the studio or club; 4. Be given to the buyer when he signs it; 5. Disclose whether security has been obtained and deposited with the Division pursuant to NRS 598.726; 6. Specify the term of membership of the buyer, which must not be measured by the life of the buyer; 7. Clearly specify the right of the buyer to cancel the contract pursuant to NRS 598.950; 8. Not contain a clause by which the contract is automatically renewed; and 9. Specify the number of lessons and the cost of each lesson, if the contract is for dance lessons. (Added to NRS by 1989, 2039; A 1993, 1964; 1997, 3201) NRS 598.950 Cancellation of contract by buyer; notice required. A buyer may cancel a contract for dance lessons, the use of facilities or other services from a dance studio or health club within 3 business days after he receives a copy of the contract by notifying the studio or club in writing. The notice must be delivered in person or by mail postmarked by midnight of the third business day. The studio or club shall return all money paid by the buyer within 15 days after it receives the notice of cancellation. (Added to NRS by 1989, 2040; A 1993, 1965) NRS 598.952 False or misleading representations by dance studio or health club prohibited; effect on contract. A dance studio or health club shall not make any false or misleading representation to the buyer or in its advertising. A contract for services from a dance studio or health club is void and unenforceable if any false or misleading representation was made to the buyer. (Added to NRS by 1989, 2040; A 1993, 1965) NRS 598.954 Rights of buyer who becomes disabled during term of contract. If a buyer becomes disabled during the term of a contract, and a physician confirms in writing to the dance studio or health club that: 1. The buyer is not physically able to use the facilities of the studio or club; and 2. The disability will continue for more than 3 months, the buyer is entitled to suspend the contract for the duration of the disability. After he recovers, he is entitled to an extension of the contract for a period equal to the time of the disability. If he is permanently disabled, he may cancel the contract and receive a refund pro rata of the amount paid pursuant to it. (Added to NRS by 1989, 2040; A 1993, 1965) NRS 598.956 Rights of buyer upon closure of dance studio or health club; election of remedies. 1. If a dance studio or health club is closed for more than 1 month, through no fault of the buyer, he is entitled to: (a) Extend the contract for a period equal to the time the studio or club is closed; or (b) Receive a refund pro rata of the amount paid pursuant to the contract. 2. If the dance studio or health club is closed without fault of its owner or management, the election of remedies under subsection 1 must be made by the studio or club. If the studio or club is closed because of the fault of its owner or management, the election must be made by the buyer. (Added to NRS by 1989, 2040; A 1993, 1965) NRS 598.958 Rights of buyer when dance studio or health club transfers its obligations or moves its place of business. 1. If a dance studio or health club transfers its obligations to provide goods or services to a buyer to another studio or club that provides substantially fewer goods or services, the buyer may consent to the transfer in writing after a full disclosure of the goods and services provided by the new studio or club. If the buyer does not consent, his contract is rescinded and he must be given a refund pro rata upon the amount of time he was a

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