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.
Miami-Dade Florida Retail Installment Contract or Agreement is a legally binding document that outlines the terms and conditions for purchasing goods or services on credit within Miami-Dade County in Florida. This type of contract is commonly used in retail transactions, where the buyer agrees to make installment payments over a specific period of time. Keywords related to Miami-Dade Florida Retail Installment Contract or Agreement may include: Miami-Dade, Florida, retail, installment contract, agreement, terms and conditions, purchasing, goods, services, credit, buyer, installment payments. There are various types of Miami-Dade Florida Retail Installment Contracts or Agreements, depending on the nature of the retail transaction. Here are some common examples: 1. Automobile Retail Installment Contract: This type of agreement is used for purchasing a vehicle from a dealership. It outlines the terms, payment schedule, interest rates, and other details regarding the auto loan. 2. Electronics Retail Installment Contract: This agreement is used when purchasing electronic devices like phones, laptops, or televisions on credit. It includes details about the product, payment plan, interest rates, and any additional fees. 3. Furniture Retail Installment Contract: When buying furniture pieces or home appliances on credit, a furniture retail installment contract is used. It specifies the terms of the purchase, payment schedule, interest rates, and any warranties or guarantees offered. 4. Home Improvement Retail Installment Contract: This type of agreement is used for home improvement projects, such as remodeling or renovations. It includes details about the scope of work, payment terms, interest rates, and any warranties or guarantees provided by the contractor. 5. Jewelry Retail Installment Contract: When purchasing fine jewelry pieces, such as rings, necklaces, or watches, on credit, a jewelry retail installment contract is utilized. It outlines the terms of the purchase, payment schedule, interest rates, and any warranties or maintenance agreements. It's important for both buyers and sellers to carefully review and understand the Miami-Dade Florida Retail Installment Contract or Agreement before signing. These contracts protect the rights and obligations of both parties and ensure a fair and transparent transaction.Miami-Dade Florida Retail Installment Contract or Agreement is a legally binding document that outlines the terms and conditions for purchasing goods or services on credit within Miami-Dade County in Florida. This type of contract is commonly used in retail transactions, where the buyer agrees to make installment payments over a specific period of time. Keywords related to Miami-Dade Florida Retail Installment Contract or Agreement may include: Miami-Dade, Florida, retail, installment contract, agreement, terms and conditions, purchasing, goods, services, credit, buyer, installment payments. There are various types of Miami-Dade Florida Retail Installment Contracts or Agreements, depending on the nature of the retail transaction. Here are some common examples: 1. Automobile Retail Installment Contract: This type of agreement is used for purchasing a vehicle from a dealership. It outlines the terms, payment schedule, interest rates, and other details regarding the auto loan. 2. Electronics Retail Installment Contract: This agreement is used when purchasing electronic devices like phones, laptops, or televisions on credit. It includes details about the product, payment plan, interest rates, and any additional fees. 3. Furniture Retail Installment Contract: When buying furniture pieces or home appliances on credit, a furniture retail installment contract is used. It specifies the terms of the purchase, payment schedule, interest rates, and any warranties or guarantees offered. 4. Home Improvement Retail Installment Contract: This type of agreement is used for home improvement projects, such as remodeling or renovations. It includes details about the scope of work, payment terms, interest rates, and any warranties or guarantees provided by the contractor. 5. Jewelry Retail Installment Contract: When purchasing fine jewelry pieces, such as rings, necklaces, or watches, on credit, a jewelry retail installment contract is utilized. It outlines the terms of the purchase, payment schedule, interest rates, and any warranties or maintenance agreements. It's important for both buyers and sellers to carefully review and understand the Miami-Dade Florida Retail Installment Contract or Agreement before signing. These contracts protect the rights and obligations of both parties and ensure a fair and transparent transaction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
