Alabama Retail Installment Contract or Agreement

State:
Multi-State
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

How to fill out Retail Installment Contract Or Agreement?

US Legal Forms - one of the largest collections of legal documents in the United States - offers a vast assortment of legal template documents you can acquire or print.

By utilizing the website, you can access numerous forms for business and personal use, organized by categories, states, or keywords. You can find the most recent versions of forms such as the Alabama Retail Installment Contract or Agreement within moments.

If you possess a subscription, Log In and retrieve the Alabama Retail Installment Contract or Agreement from your US Legal Forms library. The Obtain button will be visible on every template you view. You can access all previously downloaded forms in the My documents section of your account.

Process the payment. Use your credit card or PayPal account to complete the transaction.

Select the format and download the form to your device. Edit. Fill in, modify, print, and sign the downloaded Alabama Retail Installment Contract or Agreement. Each template you save in your account has no expiration date and is yours permanently. Therefore, if you wish to download or print another copy, simply visit the My documents section and click on the form you desire. Access the Alabama Retail Installment Contract or Agreement with US Legal Forms, the most extensive collection of legal document templates. Utilize countless professional and state-specific templates that satisfy your business or personal requirements.

  1. Ensure you have selected the correct form for the city/county.
  2. Click the Review option to check the form's content.
  3. Examine the form description to confirm you've chosen the right document.
  4. If the form doesn’t match your needs, utilize the Search box at the top of the screen to find the one that does.
  5. Once satisfied with the form, validate your selection by clicking the Buy now button.
  6. Then, choose the payment plan you prefer and provide your information to register for an account.

Form popularity

FAQ

A retail installment sale is a transaction in which the buyer buys a car from the retail seller. The terms of the sale are set out in a retail installment sale contract, not a promissory note. In the retail installment sale contract, the buyer promises the retail seller that he will pay for the car over time.

A retail installment sales contract agreement is slightly different from a loan. Both are ways for you to obtain a vehicle by agreeing to make payments over time. In both, you are generally bound to the agreement after signing.

Key Takeaways. Installment loans are personal or commercial loans that borrowers must repay with regularly scheduled payments or installments. For each installment payment, the borrower repays a portion of the principal borrowed and also pays interest on the loan.

In an installment sale contract sometimes called a contract for deed generally the owner agrees to sell the real estate to the buyer for periodic payments to be applied to the purchase price in some fashion.

A retail installment sale is a transaction between you and a dealer to purchase a vehicle where, you agree to pay the dealer over time, paying both the value of the vehicle plus interest. A dealer can sell the retail installment contract to a lender or other party.

A retail installment sales contract agreement is slightly different from a loan. Both are ways for you to obtain a vehicle by agreeing to make payments over time. In both, you are generally bound to the agreement after signing.

Retail installment contract or contract means any contract for a retail installment sale between a buyer and seller, entered into or performed in this state, which provides for (a) repayment in installments, whether or not such contract contains a title retention provision, and in which the buyer agrees to pay a

A retail installment sale is a transaction between you and a dealer to purchase a vehicle where, you agree to pay the dealer over time, paying both the value of the vehicle plus interest. A dealer can sell the retail installment contract to a lender or other party.

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

Alabama Retail Installment Contract or Agreement