444 – Restoration of Down Payment.
§ 444. Restoration of down payment. 1. Within thirty days after a telephone sale has been cancelled, the seller shall recredit the buyer’s charge account. 2. If the down payment includes goods traded in, the goods shall be tendered in substantially as good condition as when received by the seller. If the seller fails to […]
445 – Duty of Buyer.
§ 445. Duty of buyer. 1. Except as provided in subdivision four of section four hundred forty-four of this article, within a reasonable time after a telephone sale has been cancelled and the buyer has received written notice from the seller that the buyer’s charge account has been recredited, the buyer upon demand shall tender […]
446 – Restriction on Assignment of Obligation.
§ 446. Restriction on assignment of obligation. 1. A seller shall not negotiate, transfer, sell or assign any note or other evidence of indebtedness to a finance company or other third party prior to midnight of the fifth business day following the day the seller sent written notice to the buyer informing the buyer of […]
429 – Restoration of Down Payment.
§ 429. Restoration of down payment. 1. Within ten days after a door-to-door sale has been cancelled or an offer to purchase revoked, the seller shall tender to the buyer all payments made by the buyer and any note or other evidence of indebtedness. 2. If the down payment includes goods traded in, the goods […]
430 – Duty of Buyer.
§ 430. Duty of buyer. 1. Except as provided by subdivision four of section four hundred twenty-nine, within a reasonable time after a door-to-door sale has been cancelled or an offer to purchase revoked, the buyer upon demand shall tender to the seller any goods delivered by the seller pursuant to the sale but need […]
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 […]