Surety Bond of Health Club - Maryland

Surety Bond of Health Club is a legal document that was released by the Maryland Attorney General - a government authority operating within Maryland.

FAQ

Q: What is a surety bond of a health club?
A: A surety bond of a health club is a type of financial guarantee that a health club facility provides to its customers to ensure the club's financial responsibilities are met.

Q: Why is a surety bond required for health clubs in Maryland?
A: Maryland law requires health clubs to obtain a surety bond to protect consumers from financial loss in case the health club closes or fails to fulfill its obligations.

Q: How does a surety bond protect consumers?
A: The surety bond ensures that consumers who have prepaid for memberships or services are reimbursed if the health club shuts down or fails to provide the agreed-upon services.

Q: What is the minimum amount of the surety bond for health clubs in Maryland?
A: The minimum amount of the surety bond required for health clubs in Maryland is $50,000.

Q: Who is responsible for obtaining the surety bond?
A: The health club facility is responsible for obtaining the surety bond.

Q: What should consumers do if they believe a health club has violated the terms of the surety bond?
A: Consumers should file a complaint with the Maryland Office of the Attorney General's Consumer Protection Division if they believe a health club has violated the terms of the surety bond.

Q: Can a health club operate without a surety bond in Maryland?
A: No, a health club cannot operate in Maryland without obtaining a surety bond.

Q: Is the surety bond refundable?
A: No, the surety bond is not refundable. It is a financial guarantee to protect consumers in case of the health club's non-compliance or closure.

Q: Are there any exemptions to the surety bond requirement for health clubs in Maryland?
A: Yes, health clubs that are part of a public school, college, or university or that solely offer facilities for racquetball, handball, or squash are exempt from the surety bond requirement in Maryland.