Installment Contract Agreement With Vehicle Owner In Michigan
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MCL - Act 224 of 1966. AN ACT to regulate retail installment sales transactions, agreements, charges and disclosures; and to provide for the enforcement thereof and penalties for violations. Retail installment sales act; short title. Truth in lending act; effect of compliance.
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.