417 – Severability.
§ 417. Severability. If any provision of this article or the application thereof to any person or circumstances is held unconstitutional, the remainder of the article and the application of such provision to other persons or circumstances shall not be affected thereby.
418 – Short Title.
§ 418. Short title. This article may be cited as the “Retail Instalment Sales Act.”
419 – Refund Credit on Cancellation of Credit Related Insurance or Prepayment of Contract.
§ 419. Refund credit on cancellation of credit related insurance or prepayment of contract. The provisions of this article requiring refunds and refund credits with respect to group credit life insurance in cases of cancellation of group credit life insurance or of prepayment of a retail instalment contract or obligation shall also require refunds and […]
420 – Guaranties to Sellers of Liabilities of Buyers Under Retail Instalment Contracts.
§ 420. Guaranties to sellers of liabilities of buyers under retail instalment contracts. (a) No guaranty given to the seller or to the seller and the seller’s assignee of the liabilities of a buyer under a retail instalment contract shall be valid unless the guaranty is incorporated in or endorsed on the contract or identifies […]
421 – Security Interest in Other Property.
§ 421. Security interest in other property. Except as provided in section four hundred ten of this chapter, no retail instalment contract or obligation, or any other agreement executed in connection therewith, may provide for the creation of a security interest in any real or personal property, other than the goods which are the subject […]
422 – Claim for Deficiency After Default and Repossession.
§ 422. Claim for deficiency after default and repossession. If a buyer defaults on any instalment of the time sale price under a retail instalment contract, and the holder obtains possession of the goods which are the subject matter of such contract and disposes of such goods as provided by section 9–610 of the uniform […]
411 – Terms of Purchase by Financing Agency.
§ 411. Terms of purchase by financing agency. Notwithstanding any contrary provision of the personal property law, lien law, banking law or other law: 1. A financing agency may purchase a retail instalment contract, obligation or credit agreement, or indebtedness of a buyer to be paid under a credit agreement, from a seller on such […]
412 – Cancellation.
§ 412. Cancellation. After the payment of all sums for which the buyer is obligated under a contract or obligation, and upon written demand made by the buyer, the holder shall deliver, or mail to the buyer at his last known address, such one or more good and sufficient instruments as may be necessary to […]
412-A – Cancellation of Contracts for Future Consumer Services.
§ 412-a. Cancellation of contracts for future consumer services. 1. Contract for future consumer services. As referred to in this section, the term “contract for future consumer services” shall mean any contract entered into for consumer services to be performed in the future on a lesson-by-lesson or class-by-class basis and offered, sold or provided by […]
413 – Retail Instalment Credit Agreements.
§ 413. Retail instalment credit agreements. 1. (a) A retail instalment credit agreement shall be dated and in writing and the printed portion thereof shall be in at least eight point type. No retail instalment credit agreement shall be signed by the buyer when it contains blank spaces to be filled in after it has […]