17:16C-28 - Inclusion in retail installment contract of additional goods purchased after original agreement;Ā additional statements
17:16C-28.Ā Inclusion in retail installment contract of additional goods purchased after original agreement;Ā additional statements
Whenever a retail installment contract by its terms permits the inclusion ofĀ additional goods purchased after the original agreement, and such goods are soĀ purchased and the amount due on the new purchase is combined with an unpaidĀ balance on any prior purchase so as to permit the retail seller to retain titleĀ to or reserve a lien upon all goods under the combined agreement, the retailĀ seller shall, at the time of the additional purchase, deliver to the retailĀ buyer and attach to the original agreement:
(a) A statement containing all the information with respect to the additional purchase required to be included in a retail installment contract; and
(b) A statement showing the amount due on the agreement immediately previousĀ to the new purchase, the amount due after the new purchase, the payments agreedĀ to be made thereafter, and the number of additional months required to completeĀ the payments.
L.1960, c. 40, p. 152, s. 28.
Ā
Whenever a retail installment contract by its terms permits the inclusion ofĀ additional goods purchased after the original agreement, and such goods are soĀ purchased and the amount due on the new purchase is combined with an unpaidĀ balance on any prior purchase so as to permit the retail seller to retain titleĀ to or reserve a lien upon all goods under the combined agreement, the retailĀ seller shall, at the time of the additional purchase, deliver to the retailĀ buyer and attach to the original agreement:
(a) A statement containing all the information with respect to the additional purchase required to be included in a retail installment contract; and
(b) A statement showing the amount due on the agreement immediately previousĀ to the new purchase, the amount due after the new purchase, the payments agreedĀ to be made thereafter, and the number of additional months required to completeĀ the payments.
L.1960, c. 40, p. 152, s. 28.
Ā