Mass. Gen. Laws ch. 255D – Retail Installment Sales and Services | Midpage

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Massachusetts General Laws

Chapter 255D

Mass. Gen. Laws ch. 255D

Retail Installment Sales and Services

1Definitions 2Licenses; application; fees; assignment or transfer; multi-state licensing system 3Rules and regulations; examination of business records; annual report 4Summoning of licensees; failure to appear; effect 5Refusal to issue license; notice; appeal; hearing 6Violations of this chapter; investigations by commissioner 7Suspension or revocation of license; grounds 8Suspension or revocation of license; procedure 9sale agreements; form and contents 9AImprovement of realty; completion of statement 10Prohibited agreements 10ADiscrimination against cash buyers 11Finance charges, computation, rates; multiple agreements prohibited 11AMerchandise certificates or coupons; right to return 11BMerchandise certificates or coupons; return statement required 12Receipts for payments; sale or assignment of agreement 13Payment in full before maturity; refund credit 14Cancellation of agreement by buyer; notice; refund of deposits; reclamation of goods by seller 15Security interest in certain goods; prohibition 16Extension agreements; form and contents 17Refinancing agreements; form and contents 18Subsequent add-on purchases; consolidated agreement; payments; termination of security interest 18AModification of agreement or extension of credit prohibited; exceptions; notice to buyer; violations 19Statement of account; contents 20Delinquency and collection charge; dishonored check charge 21Default; enforcement; notice; accelerated payment; curing of default 22Repossession of collateral on default; hearing; redemption; disposition; deficiency; insurance proceeds; determination 22AAvoidance of chapter 24Waiver 25Application of this chapter 25AHolder of agreement subject to buyer's defenses against seller 26Insurance 27Revolving credit agreement; form and contents 28Instruments indicating payment; mailing to buyer 29Violation of certain provisions; effect 30Penalties 31Truth-in-lending act; application 32Delivery of notice