Disclosure of credit terms should have the content and form required under the federal Truth in Lending Act (15 U.S.C.A. §§ 1601 et seq.) and applicable regulations (Regulation Z, 12 C.F.R. § 226), and under state consumer credit laws to the extent that they differ from the federal Act. In connection with specified installment sales and other consumer credit transactions, these enactments require written disclosure and advice as to finance charges, annual percentage rates and other matters relating to credit. Under the federal Act, the disclosures may be set forth in the contract document itself or in a separate statement or statements.
A federal notice regarding preservation of the consumer's claims and defenses is required on all consumer credit contracts by Federal Trade Commission regulation. 16 C.F.R. § 433.2. The notice must appear in 10-point bold type or print and must be worded as set forth in the above form.
A Contra Costa California Security Agreement for Retail Installment Sale of Automobile, Car, or Motor Vehicle is a legal contract that establishes a security interest in a vehicle being purchased through a retail installment sale. This agreement ensures that the seller (creditor) retains a security interest in the vehicle until the buyer (debtor) fulfills their financial obligations. Keywords: Contra Costa California, security agreement, retail installment sale, automobile, car, motor vehicle There are several types of Contra Costa California Security Agreements for Retail Installment Sale of Automobile, Car, or Motor Vehicle, depending on the specifics of the transaction. These may include: 1. Personal Vehicle Security Agreement: This type of agreement is used when an individual purchases a vehicle through a retail installment sale. The agreement outlines the terms and conditions of the sale, including the purchase price, interest rate, payment schedule, and consequences of default. 2. Commercial Vehicle Security Agreement: In case a business or commercial entity requires a vehicle for their operations, they may enter into a different type of security agreement. This agreement will differ in terms of clauses relating to the usage, maintenance, and insurance obligations specific to commercial purposes. 3. Lease-to-Own Security Agreement: Some retail installment sales provide an option for the buyer to lease the vehicle for a predetermined period before owning it. In this case, a lease-to-own security agreement will be used, outlining the terms of the lease and the subsequent purchase option. 4. Dealer Financing Security Agreement: This type of security agreement is entered into when the buyer obtains financing for the vehicle directly from the dealership. The agreement will detail the terms of the financing, including any down payment, interest rate, and repayment schedule. 5. Third-Party Financing Security Agreement: If the buyer secures financing from a third-party lender, a separate security agreement will be involved. This agreement establishes the security interest of the lender and outlines the terms of the loan. It is crucial to carefully review and understand the terms outlined in the Contra Costa California Security Agreement for Retail Installment Sale of Automobile, Car, or Motor Vehicle before signing. If any doubts or questions arise, it is advisable to consult legal counsel to ensure full comprehension and protection of one's rights as a buyer or seller.A Contra Costa California Security Agreement for Retail Installment Sale of Automobile, Car, or Motor Vehicle is a legal contract that establishes a security interest in a vehicle being purchased through a retail installment sale. This agreement ensures that the seller (creditor) retains a security interest in the vehicle until the buyer (debtor) fulfills their financial obligations. Keywords: Contra Costa California, security agreement, retail installment sale, automobile, car, motor vehicle There are several types of Contra Costa California Security Agreements for Retail Installment Sale of Automobile, Car, or Motor Vehicle, depending on the specifics of the transaction. These may include: 1. Personal Vehicle Security Agreement: This type of agreement is used when an individual purchases a vehicle through a retail installment sale. The agreement outlines the terms and conditions of the sale, including the purchase price, interest rate, payment schedule, and consequences of default. 2. Commercial Vehicle Security Agreement: In case a business or commercial entity requires a vehicle for their operations, they may enter into a different type of security agreement. This agreement will differ in terms of clauses relating to the usage, maintenance, and insurance obligations specific to commercial purposes. 3. Lease-to-Own Security Agreement: Some retail installment sales provide an option for the buyer to lease the vehicle for a predetermined period before owning it. In this case, a lease-to-own security agreement will be used, outlining the terms of the lease and the subsequent purchase option. 4. Dealer Financing Security Agreement: This type of security agreement is entered into when the buyer obtains financing for the vehicle directly from the dealership. The agreement will detail the terms of the financing, including any down payment, interest rate, and repayment schedule. 5. Third-Party Financing Security Agreement: If the buyer secures financing from a third-party lender, a separate security agreement will be involved. This agreement establishes the security interest of the lender and outlines the terms of the loan. It is crucial to carefully review and understand the terms outlined in the Contra Costa California Security Agreement for Retail Installment Sale of Automobile, Car, or Motor Vehicle before signing. If any doubts or questions arise, it is advisable to consult legal counsel to ensure full comprehension and protection of one's rights as a buyer or seller.
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.
