Brief Summary
Opening an Anytime Fitness club in Oregon means selling memberships, often before the doors open, and the $25,000 bond is the guarantee that sits behind those member promises. You pay a premium instead of setting aside $25,000 in cash, and the executed bond goes straight to the party that asked for it so it does not hold up your opening.
This is a $25,000 surety bond posted by an Anytime Fitness franchise health club operating in Oregon. It guarantees the club meets its obligations to members under Oregon's health spa law, ORS 646A.030 to 646A.042, which caps contract terms at three years, gives buyers three business days to cancel, and requires money collected before opening to be held in an Oregon trust account. Confirm the obligee name and bond form with the party requesting the bond before it is issued.
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Detailed Information About the Oregon Anytime Fitness Franchise Health Club ($25,000) Bond:
Who posts this bond
The bond is posted by the owner of an Anytime Fitness franchise club in Oregon, in the amount of $25,000. Get the exact obligee name and any required bond form from the party asking for the bond before it is written, because the wording on the bond has to match what they expect.
The Oregon rules behind it
Oregon regulates health clubs as health spas under ORS 646A.030 to 646A.042. A health spa is any business whose primary purpose is selling instruction, training or use of facilities for physical exercise, weight control or figure development. Clubs owned by the state or its political subdivisions are excluded.
The main obligations a club owner takes on are these.
1. Give every prospective buyer a written price list of all plans offered, and sell nothing that is not on it. 2. Use a written contract that identifies the club, describes the services, includes the club rules, states the term, and sets out cancellation and refund terms. The contract term cannot exceed three years. 3. Let the buyer cancel without penalty within three business days of signing. 4. Allow cancellation if the buyer dies or becomes physically unable to use the services, if the club closes, if it relocates more than five miles from the buyer's residence, or if promised facilities are not finished on time. 5. Deposit all money paid before the facility opens into a trust account at a bank, savings and loan, mutual savings bank or licensed escrow agent located in Oregon.
The Oregon Department of Justice also advises members that if a club takes payment up front and fails to open on the expected date, it must issue a full refund within 10 days. A buyer cannot waive any of these protections.
What the bond guarantees
The bond backs the club's promises to members. If the club fails to honor refunds or contract terms and a valid claim is made, the surety pays up to $25,000 and then looks to the club owner to repay it. The bond does not replace the pre-opening trust account. Both apply.
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