428 – Form of Notice; Statement of Buyer’s Rights.
§ 428. Form of notice; statement of buyer’s rights. 1. In a door-to-door sale, the seller shall furnish to the buyer (a) a fully completed receipt or copy of any contract pertaining to such sale at the time of its execution, which is in the same language, e.g. Spanish, as that principally used in the […]
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 […]
408 – Credit Upon Anticipation of Payments.
§ 408. Credit upon anticipation of payments. 1. Notwithstanding the provisions of any contract or obligation to the contrary, any buyer may pay it in full at any time before the maturity of the final instalment of the time balance thereof and if he does so shall receive and be entitled to receive a refund […]
409 – Refinancing.
§ 409. Refinancing. 1. The holder of a retail instalment contract or obligation or note may, upon agreement with the buyer, extend the scheduled due date or defer the scheduled payment of all or of any part of any instalment or instalments payable thereunder. The agreement for such extension or deferment must be in writing […]
410 – Add-Ons to and Consolidations of Retail Instalment Contracts and Obligations.
§ 410. Add-ons to and consolidations of retail instalment contracts and obligations. 1. A retail instalment contract or obligation which otherwise conforms to the requirements of this article may contain the promise or agreement of the buyer to pay in substantially equal periodic instalments the consolidated total of the principal balance thereof and the unpaid […]
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 […]