(a) For the purposes of this section, the following terms shall have the following meanings: (1) âSeller of travel discount programâ means a membership, benefit program, or other arrangement that purports to entitle the purchaser of the seller of travel discount program to future transportation or any travel services at a discount or reduced price or preferential treatment not made generally available to the public. Seller of travel discount program does not include a âtravel business discount programâ as defined in Section 17550.26. (2) âSellerâ means any person who sells or offers for sale a seller of travel discount program but does not include any of the following: (A) Any person excluded from the definition of âseller of travelâ under subdivision (b) of Section 17550.1. (B) An owner, developer, or operator of a time-share interest or time-share plan as described in subdivisions (x) and (z) of Section 11212 in connection with an offer as described in subdivision (o) of Section 11212 that complies with the Vacation Ownership and Time-Share Act of 2004 providing lodging at a time-share unit, including arranging transportation to the time-share unit. (C) An exchange company as described in subdivision (k) of Section 11212 in connection with arranging lodging at a time-share unit, including arranging transportation to the time-share unit. (D) A motor club subject to Part 5 (commencing with Section 12140) of Division 2 of the Insurance Code. (E) A nonprofit organization described in Section 501(c)(3) of the Internal Revenue Code that, according to a final ruling or determination by the Internal Revenue Service, is both exempt from taxation under Section 501(a) of the Internal Revenue Code and not a private foundation as defined in Section 509 of the Internal Revenue Code. An advance ruling or determination of tax-exempt or foundation status by the Internal Revenue Service does not meet the requirements of this paragraph. (F) An entity or a wholly owned subsidiary of an entity that maintains a tangible net equity exceeding five million dollars ($5,000,000) as reflected in an audited financial statement, prepared in accordance with generally accepted accounting principles, for the entityâs most recent fiscal year. (b) A seller may sell a seller of travel discount program if the following conditions are satisfied: (1) The seller is a duly registered seller of travel. (2) The annual charge for the seller of travel discount program does not exceed one hundred fifty dollars ($150). (3) The term of the seller of travel discount program does not exceed one year. The purchaser may renew participation in the program at the end of each term for a period not to exceed one year by affirmatively providing the seller with a written express request to renew. The seller may not seek or accept the purchaserâs authorization for an automatic renewal or the purchaserâs renewal request more than 60 days before the expiration of an annual term or more than 15 days before the expiration of a shorter term program. (4) The represented discounts or reduced prices offered under the seller of travel discount program are not made generally available to the public. (5) The purchaser has the right to cancel the purchaserâs participation in the seller of travel discount program and receive a full refund of all consideration paid for the pending term of the program at either of the following times: (A) Within five business days of purchasing or renewing the seller of travel discount program or receiving the disclosure required by paragraph (6), whichever is later. (B) At any time based on the sellerâs misrepresentation or violation of this article. (6) The benefits and limitations of the seller of travel discount program and the purchaserâs cancellation rights described in paragraph (5) are clearly and conspicuously disclosed, in writing, before any consideration is paid by the purchaser. (7) The discounted or reduced price for any t
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