Chapter 97 Retail Installment Sales of Goods and Services

Definitions.

“Amount financed” defined.

“Cash sale price” defined.

“Credit” defined.

“Finance charge” defined.

“Goods” defined.

“Official fees” defined.

“Rate” defined.

“Retail buyer” and “buyer” defined.

“Retail charge agreement” defined.

“Retail installment contract” and “contract” defined.

“Retail installment transaction” defined.

“Retail seller” and “seller” defined.

“Services” defined.

“Total of payments” defined.

Contract contained in single document; date, signatures and size of type; fee for cancellation.

Seller to provide certain creditor disclosures to buyer.

Contents of contract.

Amount of finance charge and any other fee, expense or charge.

Contracts negotiated and entered into by mail or telephone based on seller’s catalog or printed solicitation; preparation and delivery of memorandum.

Blank spaces in contracts.

Prepayment of unpaid total of payments; refund.

Consolidated contracts; memoranda.

Retail charge agreements: Finance charge; contents of monthly statements; notice of change in terms.

Rights of retail seller; action to determine liability for unauthorized negotiable instrument used to make payment.

Insurance.

Invalidity of provisions of contract or agreement; waiver of provisions of chapter ineffective.

Provisions of chapter governing retail installment transactions exclusive.

“Vehicle” defined.

Forms for contracts and applications for credit: Adoption of regulations prescribing forms; contents; acceptance; translation into Spanish; amendment of forms.

Forms for contracts and application for credit: When use is mandatory.

Enforceability of default on part of buyer.

Violation bar to recovery.

Injunction to prevent violation.

Assurance of discontinuance.

Civil penalties.