Section 6331 – Establishment
§ 6331. Establishment. (a) Seller.–A seller may enter into an open-end credit agreement upon the request of a buyer or prospective buyer. (b) Financing agency.–Subject to the other provisions of this chapter, a financing agency may enter into an open-end credit agreement on behalf of a seller from whom the financing agency may, with the […]
Section 6332 – Requirements
§ 6332. Requirements. (a) Signature.–A seller may not obtain the signature of a buyer on an application for an open-end credit agreement if it contains blank spaces to be filled in after it has been signed. (b) Separate agreement unnecessary.–A buyer does not need to sign a separate account agreement when a new purchase is […]
Section 6333 – Applicability and effect of subchapter
§ 6333. Applicability and effect of subchapter. (a) Security interest.–This subchapter does not prohibit the execution of an agreement between a buyer and seller whereby the seller retains a security interest in goods sold to the buyer until full payment has been made. (b) Allocation.–Section 6329(b) (relating to add-on sales) governs goods sold under an […]