Retail Installment Contract Agreement Ford Credit In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-002WG
Format:
Word;
Rich Text
Instant download
Description
The Retail Installment Contract Agreement Ford Credit in Collin is designed for the sale of goods through installment payments. It outlines the total purchase price, interest rate, and payment terms, specifying due dates and late fees for missed payments. The agreement includes provisions for a purchase money security interest, allowing sellers to secure their interest in the collateral until the payment is completed. Default events are clearly defined, including failure to make payments or transferring ownership of the collateral. Remedies for default entail the seller’s rights to declare payment due, repossess the collateral, and recover collection costs. The contract emphasizes the lack of warranties by the seller and establishes the governing law for its interpretation. It serves as a binding agreement that can be modified only in writing. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear structure for financing transactions, ensuring compliance with applicable laws and protecting the interests of both the seller and purchaser.
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FAQ
Computer Service Contracts: Contracts for computer or technology services, such as software subscriptions, often involve installment payments being made over a set period of time; Agricultural Sales Contracts: In these contracts, the goods are subject to seasonal cycles, such as produce or agricultural goods.
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.