Sections
7 entriesSection 1805.1Prohibits a retail installment contract holder from charging, collecting, or receiving finance charges above the disclosed amount, except for increases caused by…Section 1805.2Allows contracts to require successive monthly, semimonthly, or weekly installment payments. Establishes those three installment frequencies as permitted payment schedules for contracts,…Section 1805.4Requires a retail-installment contract’s finance charge to include all charges for investigating, making, and extending credit, and bars other fees except as…Section 1805.6Prohibits a retail seller from assessing a finance charge for goods under a retail installment contract until the buyer possesses them, despite…Section 1805.7Requires contracts entered into on or after January 1, 1983, to calculate the referenced finance charge on a simple-interest basis when the…Section 1805.8Limits the finance charge on amounts a contract holder advances after execution for insurance, repair or preservation of the goods, or preservation…Section 1805.9Prohibits a contract from calculating a finance charge partly on a precomputed basis and partly on a simple-interest basis. Exempts from that…