Installment Loan Contract With Monthly Payments In Fulton

State:
Multi-State
County:
Fulton
Control #:
US-002WG
Format:
Word; 
Rich Text
Instant download

Description

A retail installment agreement is an agreement signed by the Purchaser involving a finance charge and providing for the sale of goods or services. Federal and some State Laws (Consumer Credit Protection Acts) require the disclosure of what the Purchaser is being charged for the credit he/she is receiving. These disclosures include such things as the amount being financed; finance charges; the annual percentage rate; and the number of payments and when due. However, such disclosures are usually only required when a person regularly extends consumer credit (e.g. more than 25 times in the preceding calendar year).



This form is for a casual seller who does not enter into such transactions on a regular basis. It can also be used in commercial transactions (e.g., credit that is not being extended primarily for personal, family, or household purposes).



The Purchaser in this form grants the Seller a security interest in the collateral being sold. A security interest is an interest in personal property or fixtures that secures payment or performance of an obligation. The Seller requires the Purchaser to secure the obligation with the personal property being purchased so that if the Purchaser does not pay as promised, the Purchaser can take the collateral back, sell it, and apply the proceeds against the unpaid obligation of the Purchaser.

Free preview
  • Preview Retail Installment Contract or Agreement
  • Preview Retail Installment Contract or Agreement

Viewed forms

form-preview
Notice to Accused Parent

Notice to Accused Parent

View this form
form-preview
Sample Letter for Acceptance of Job Offer ...

Sample Letter for Acceptance of Job Offer - Applicant to Business - Reconfirmation of Agreements

View this form
form-preview
Affidavit of Defendant Spouse in Support o...

Affidavit of Defendant Spouse in Support of Motion to Amend or Strike Alimony Provisions of Divorce Decree Because Of Obligor Spouse's Changed Financial Condition

View this form
18 U.S.C. Sec. 1028(A)(1) FRAUDULENT PRODU...

18 U.S.C. Sec. 1028(A)(1) FRAUDULENT PRODUCTION OF AN IDENTIFICATION DOCUMENT, AUTHENTICATION FEATURE, OR FALSE IDENTIFICATION DOCUMENT

View this form
form-preview
Cease and Desist Letter for Libelous or Sl...

Cease and Desist Letter for Libelous or Slanderous Statements - Defamation of Character

View this form
form-preview
Certificate of designation, preferences an...

Certificate of designation, preferences and rights of Series A junior cumulative preference stock of Oryx Energy Company

View this form
form-preview
Notice of Intent to Enforce Forfeiture Pro...

Notice of Intent to Enforce Forfeiture Provisions of Contact for Deed

View this form
form-preview
Distribution Agreement between First Ameri...

Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company

View this form
form-preview
Sample Letter for Invitation for Choir Per...

Sample Letter for Invitation for Choir Performance

View this form
form-preview
Idaho Bankruptcy Guide and Forms Package f...

Idaho Bankruptcy Guide and Forms Package for Chapters 7 or 13

View this form

Form popularity

FAQ

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. Installment contracts can provide that installments are to be performed by either one or both parties .

An installment contract offers a buyer less protection than a traditional mortgage. This is true mainly because of forfeiture provisions, which give the buyer no right of redemption and allow a buyer to lose all interest in the property for even the slightest breach.

Payment options include full payment, short-term payment plan (paying in 180 days or less) or a long-term payment plan (installment agreement) (paying monthly).

How to Request a Payment Plan Log into GTC. Navigate to the More… ... Review the payment plan terms. Enter your banking information. You may enter a down payment amount and date, if so desired. To continue, you must agree to receive electronic notices regarding your payment plan through GTC and provide your email address.

Setting up the payment plan Calculate the total amount due and the payment schedule. Determine the payment amounts, due dates and payment method. Write the agreement, detailing the payment plan. Include the date of the agreement and the parties involved. Get both parties to sign the agreement.

At Fulton Bank, we make it easier to get the things you want in life. From a variety of mortgage solutions to meet your specific needs to auto and personal loans with competitive rates, we can help fund your dreams.

Trusted and secure by over 3 million people of the world’s leading companies

Installment Loan Contract With Monthly Payments In Fulton