Act 224 of 1966 Retail Installment Sales Act (445.851 - 445.873)

Act 224 of 1966 Retail Installment Sales Act (445.851 - 445.873)

Section 445.851 Retail Installment Sales Act; Short Title.
Section 445.851a Truth in Lending Act; Effect of Compliance.
Section 445.852 Definitions.
Section 445.853 Retail Installment Contract; Requirements; Size; Notice to Buyer; Delivery of Copy; Nondelivery; Provisions; Contents of Contract; Transaction Involving Vehicle; Terms; Statement That Seller Retains Security Interest.
Section 445.854 Retail Installment Contracts; Single Document Not Required; Sales Slip, Account Book, Other Written Statements.
Section 445.855 Transactions Negotiated and Entered Into by Mail or Telephone; Applicable Provisions of Act; Memorandum.
Section 445.856 Retail Installment Contracts; Blank Space; Filling.
Section 445.857 Time Price Differential; Limitation; Computation; Minimum Time Price Differential.
Section 445.858 Prepayment of Unpaid Balance; Amount of Refund Credit.
Section 445.859 Installment Contract or Retail Charge Agreement; Delinquency and Collection Charge.
Section 445.860 Retail Installment Contracts; Statement of Dates, Payments and Unpaid Balances; Receipt.
Section 445.861 Retail Installment Transactions; Subsequent Purchases; Previous Contracts; Inclusion and Consolidation; New Schedule of Installment Payments.
Section 445.862 Retail Charge Agreement; Delivery of Copy to Buyer; Acknowledgment; Blank Spaces; Statement of Time Price Differential; Notice to Buyer; Periodic Statement; Computation of Time Price Differential; Adjustment of Charges; Attorney's Fee and Court Costs.
Section 445.862a Submission of Invoice Evidencing Credit Card Sale.
Section 445.863 Retail Installment Contracts or Charge Agreements; Insurance Included in Cost; Requirements; Minimum Charges; Refunds.
Section 445.864 Retail Installment Contracts or Charge Agreements; Prohibited Provisions; Denial of Application Based on Geographic Location of Residence Prohibited; Permissible Conduct; Exemption; Contract for Financial Services Not Required; Offer of Combination of Services Not Precluded by Subsection (5).
Section 445.865 Purchase or Acquisition of Retail Installment Contract or Retail Charge Agreement by Assignee; Terms, Conditions, and Price; Evidence of Obligation; Validity of Written Assignment; Notice; Payment to Last Known Holder; Claims and Defenses; Sales to Which Section Applicable.
Section 445.865a Contracts, Agreements, or Other Transactions Considered Made in State; Offer or Agreement to Sell in State; Acceptance or Offer to Buy in State.
Section 445.866 Waiver of Act as to Buyers' Protection Prohibited.
Section 445.867 Violation of Act; Misdemeanor.
Section 445.868 Violation of Act; Effect as to Recovery Rights of Seller.
Section 445.869 Violation of Act; Actions; Penalties.
Section 445.870 Violation of Act; Assurance of Discontinuance; Acceptance by Attorney General, Approval of Circuit Court.
Section 445.871 Violation of Order of Circuit Court; Civil Penalty.
Section 445.871a Compliance With Federal Truth-in-Lending Act; Violation as Unintentional and Bona Fide Error; Burden of Proof.
Section 445.872 Effect of Act as to Prior Contracts.
Section 445.873 Time Price Differential Consisting of Interest on Amount of Unpaid Principal Balance of Contract; Modifications.

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