S.L. 409.2 Art. 10Long-term holiday products contracts.

(1) The payment of long-term holiday contracts shall be made according to a staggered payment schedule. The trader shall be prohibited from accepting any payment of the price specified in the contract otherwise than in accordance with the staggered payment schedule. The payments, including any membership fee, shall be divided into yearly installments, each of which shall be of equal value. The trader shall send a written request for payment, on paper or on another durable medium, at least fourteen calendar days in advance of each due date, by registered mail.

(2) From the second installment payment onwards, the consumer may terminate the contract without incurring any penalty by giving notice to the trader, by registered mail, within fourteen calendar days of receiving the request for payment for each installment, provided that such right shall not affect rights to terminate the contract under any other applicable law.