Retail Instalment Sales Act | Midpage

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New York Consolidated Laws

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Retail Instalment Sales Act

401Definitions 402Provisions of retail instalment contracts and obligations 402-AMerchandise certificates and obligations therefor 402-BTotal loss notice and waiver of the gap amount 403Restrictions on retail instalment contracts and obligations 404Credit service charge limitation 405Delivery of copy of contract or obligation; buyer's acknowledgment 406Notice of assignment; payments 407Statements of account; receipts 408Credit upon anticipation of payments 409Refinancing 410Add-ons to and consolidations of retail instalment contracts and obligations 411Terms of purchase by financing agency 412Cancellation 412-ACancellation of contracts for future consumer services 413Retail instalment credit agreements 414Penalties 415Exceptions 416Waiver 417Severability 418Short title 419Refund credit on cancellation of credit related insurance or prepayment of contract 420Guaranties to sellers of liabilities of buyers under retail instalment contracts 421Security interest in other property 422Claim for deficiency after default and repossession