Retail Installment Contract Agreement Ford Credit In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-002WG
Format:
Word;
Rich Text
Instant download
Description
The Retail Installment Contract Agreement Ford Credit in Bexar outlines the terms of financing for the purchase of goods through a series of payments. Key features include the total purchase price, an annual interest rate, and a structured payment plan detailing the monthly installments along with provisions for late fees. The document establishes a purchase money security interest, ensuring the seller retains rights to the purchased item until full payment is made. It specifies events that trigger default, including missed payments and bankruptcy, and outlines the seller's remedies, including repossession rights. Notably, the agreement disclaims any warranties, reinforcing that the seller is not liable for specific guarantees regarding the purchased items. The usefulness of this form extends to attorneys, partners, owners, associates, paralegals, and legal assistants who may need to draft, review, or enforce such contracts, ensuring compliance with legal standards while providing clear financial terms to clients.
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FAQ
Getting a Copy of the Contract Under TILA, the dealer is required to give the customer a copy of the contract to keep at the time the customer signs the retail installment sale contract whether you want to incur the debt on these terms.
An installment contract is a single contract that is completed by a series of performances–such as payments, performances of a service, or delivery of goods–rather than being performed all at one time.
Getting a Copy of the Contract Under TILA, the dealer is required to give the customer a copy of the contract to keep at the time the customer signs the retail installment sale contract whether you want to incur the debt on these terms.