New York PEP Code § 302

Requirements as to retail instalment contracts
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§ 302. Requirements as to retail instalment contracts. 1. A retail\ninstalment contract shall be in writing, shall contain all the\nagreements of the parties and shall be signed by the buyer and the\nseller.\n  2. The printed portion of the contract shall be in at least eight\npoint type. The contract shall contain printed or written in a size\nequal to at least ten-point bold type:\n  (a) Both at the top of the contract and directly above the space\nreserved for the signature of the buyer, the words "RETAIL INSTALMENT\nCONTRACT";\n  (b) A specific statement that liability insurance coverage for bodily\ninjury and property damage caused to others is not included, if that is\nthe case; and\n  (c) One of the following notices: "NOTICE TO THE BUYER: 1. Do not sign\nthis contract before you read it or if it contains any blank space. 2.\nYou are entitled to a completely filled in copy of this contract when\nyou sign it. 3. Under the law, you have the following rights, among\nothers: (a) To pay off in advance the full amount due and to obtain a\npartial refund of the credit service charge; (b) To redeem the property\nif repossessed for a default; (c) To require, under certain conditions,\na resale of the property if repossessed. 4. According to law you have\nthe privilege of purchasing the insurance on the motor vehicle provided\nfor in this contract from an agent or broker of your own selection," or\n"NOTICE TO THE BUYER: 1. Do not sign this agreement before you read it\nor if it contains any blank space. 2. You are entitled to a completely\nfilled in copy of this agreement. 3. Under the law, you have the right\nto pay off in advance the full amount due and under certain conditions\nto obtain a partial refund of the credit service charge. 4. According to\nlaw you have the privilege of purchasing the insurance on the motor\nvehicle provided for in this contract from an agent or broker of your\nown selection", or "NOTICE TO THE BUYER: 1. Do not sign this agreement\nbefore you read it or if it contains any blank space. 2. You are\nentitled to a completely filled in copy of this agreement. 3. Under the\nlaw, you have the right to pay off in advance the full amount due. If\nyou do so, you may, depending on the nature of the credit service\ncharge, either: (a) prepay without penalty, or (b) under certain\ncircumstances obtain a rebate of the credit service charge. 4. According\nto law you have the privilege of purchasing the insurance on the motor\nvehicle provided for in this contract from an agent or broker of your\nown selection".\n  3. The seller shall deliver to the buyer, or mail to him at his\naddress shown on the contract, a copy of the contract signed by the\nseller.  Until the seller does so, a buyer who has not received delivery\nof the motor vehicle shall have an unconditional right to cancel the\ncontract and to receive immediate refund of all payments made and\nredelivery of all goods traded-in to the seller on account of or in\ncontemplation of the contract. Any acknowledgment by the buyer of\ndelivery of a copy of the contract shall be printed or written in a size\nequal to at least ten point bold type and, if contained in the contract,\nshall also appear directly above the legend required above the buyer's\nsignature by sub-division two (a) of this section.\n  4. The contract shall contain the names of the seller and the buyer,\nthe place of business of the seller, the residence or place of business\nof the buyer as specified by the buyer and a description of the motor\nvehicle including its make, year model, model and identification numbers\nor marks.\n  5. The contract shall contain:\n  (1) All items required to be disclosed by the act of congress entitled\n"Truth in Lending Act" and the regulations thereunder, as such act and\nregulations may from time to time be amended;\n  (2) The amount, if any, included for insurance, specifying and\ndescribing the coverages and the amount included for each type of\ncoverage; howe

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