Sections
12 entriesSection 1810Defines acceptance of a retail installment account agreement as buyer signing it or use by the buyer or an authorized user after…Section 1810.1Requires a retail-installment-account seller, before the first transaction, to give the buyer a retainable written statement disclosing applicable finance-charge conditions and methods,…Section 1810.2Allows a seller or holder of a retail installment account to charge, receive, and collect a finance charge disclosed to the buyer…Section 1810.3Requires retail-installment sellers to send periodic statements when an account has an outstanding debit balance over $1 or incurs a finance charge,…Section 1810.4Requires a retail-installment account's finance charge to include investigation and account-making charges and bars other charges except as authorized. Allows agreed attorney's…Section 1810.5Requires a separate written agreement, signed by both buyer and seller and furnished to the buyer, when insurance costs will be separately…Section 1810.6Allows a buyer and seller to agree that the seller retains a security interest in sold goods until fully paid. Sets release…Section 1810.7Prohibits retail installment account from requiring or entail the execution of any note or series of notes by the buyer which when…Section 1810.8Extends the requirements of the two referenced retail-installment provisions to retail installment accounts. Retail installment accounts are therefore governed by those referenced…Section 1810.10Prohibits a retail seller from assessing a finance charge against an installment-account balance for goods until the buyer possesses them, despite contrary…Section 1810.11Allows a retail-installment buyer, no more than once yearly, to request the preceding calendar year’s total finance charges and requires the seller…Section 1810.12Allows retail-installment account agreements to impose one delinquency charge per installment: up to $10 after 10 days in default or $15 after…