- (a) The seller shall provide the buyer with an account statement, including amounts applied to principal, interest, tax, insurance, fees, and other charges, upon the buyer's request.
- (b) A seller is not required to provide a buyer with account statements without charge more than once in any 12-month period.
- (c) If the buyer's request for an account statement is made in response to a change in the terms of an installment sales contract, then the seller must provide the account statement without charge.
- (d) For other buyer requests for account statements, the seller may not charge the buyer more than the reasonable costs of copying and producing the account statement.
(Source: P.A. 100-416, eff. 1-1-18.)