§ 25A-32 – Rebates on prepayment.
25A-32. Rebates on prepayment. Notwithstanding any provision in a consumer credit installment sale contract to the contrary, any buyer may satisfy the debt in full at any time before maturity, and in so satisfying such debt, shall receive a rebate, the amount of which shall be computed under the "rule of 78’s," as follows: "The […]
§ 25A-32.1 – Unearned finance charge credits on prepayment of loans secured by real property and mobile home loans.
25A-32.1. Unearned finance charge credits on prepayment of loans secured by real property and mobile home loans. (a) Notwithstanding any statutory or contractual provision to the contrary, in a consumer credit installment sale contract with an amount financed of five thousand dollars ($5000.00) or more secured by real estate or by a residential manufactured home […]
§ 25A-33 – Terms of payments.
25A-33. Terms of payments. A consumer credit installment sale contract shall provide for complete payment of all charges due under the contract, including the amount financed, the finance charge, and additional insurance charges, if any, within a period from the time of the sale of (1) Forty-two months, if the amount financed is less than […]
§ 25A-34 – Balloon payments.
25A-34. Balloon payments. With respect to a consumer credit sale, other than one pursuant to a revolving charge account, no scheduled payment may be more than ten percent (10%) larger than the average of earlier scheduled payments, except that the final payment may be twenty-five percent (25%) larger than the average of earlier scheduled payments. […]
§ 25A-35 – Statement of account.
25A-35. Statement of account. (a) One time during each 12-month period following execution of a consumer credit installment sale contract and when the buyer repays the debt early, the buyer shall be entitled upon request and without charge to a statement of account from the seller. The statement of account shall contain the following information […]
§ 25A-36 – Certificates of insurance and rebates.
25A-36. Certificates of insurance and rebates. (a) Within 45 days following the purchase of insurance by the buyer from or through the seller, the seller shall deliver, send or cause to be sent to the buyer a policy or policies of such insurance or a certificate or certificates thereof. If such insurance is cancelled, or […]
§ 25A-37 – Referral sales.
25A-37. Referral sales. The advertisement for sale or the actual sale of any goods or services (whether or not a consumer credit sale) at a price or with a rebate or payment or other consideration to the purchaser that is contingent upon the procurement of prospective customers provided by the purchaser, or the procurement of […]
§ 25A-38 – "Home-solicitation sale" defined.
25A-38. "Home-solicitation sale" defined. "Home-solicitation sale" means a consumer credit sale of goods or services in which the seller or a person acting for him engages in a personal solicitation of the sale at a residence of the buyer and the buyer’s agreement or offer to purchase is there given to the seller or a […]
§ 25A-39 – Buyer's right to cancel.
25A-39. Buyer’s right to cancel. (a) Except as provided in subsection (e) of this section, in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home-solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to […]
§ 25A-40 – Form of agreement or offer; statement of buyer's rights.
25A-40. Form of agreement or offer; statement of buyer’s rights. (a) In a home-solicitation sale the seller must present to the buyer and obtain his signature to a fully completed written agreement or offer to purchase which is in the same language as that principally used in the oral sales presentation and which designates as […]