Promissory Note Template With Amortization Schedule

State:
Illinois
Control #:
IL-17074-MH
Format:
Word; 
Rich Text
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FAQ

Since these defects substantially impair the use, value or safety of my vehicle, I am hereby allowing you one final opportunity to repair my vehicle. If these repairs are not completed within 10 calendar days of receipt of this letter, I am entitled to a refund calculated in ance with the Lemon Law.

MANUFACTURER'S DUTY TO REPURCHASE OR REPLACE A VEHICLE The manufacturer must provide the consumer or lessor with a replacement or refund within 30 days after an offer to transfer title by the consumer or lessor, or within 30 days after a decision by the informal dispute settlement procedure.

The Louisiana lemon law covers used vehicles, but problems must be reported within one year following the vehicle's original delivery to a consumer or within the vehicle's express warranty term, whichever ends sooner. Almost every used car is purchased long after either of these two periods.

Louisiana law does not give buyers the same rights as they may have in another state. For Example: In Louisiana, car dealers are not required to give used car buyers a three-day right to cancel. Before you buy from a dealer, ask about the dealer's return policy.

All vehicles under 10,000 pounds except motor homes, motorcycles, and vehicles used for commercial purposes only. 4 repair attempts or 30 calendar days out of service.

The Lemon Law states that a manufacturer has a legal duty to repair a new motor vehicle. A ?lemon? is defined as a new motor vehicle (it does not include newly leased or demonstrator vehicles, motorcycles, RVs, or mobile homes) that has a defect which substantially impairs the use and/or market value of the vehicle.

Yes, private party sales are covered under the federal Lemon Law as well as most states' lemon laws so long as the vehicle was sold with some type of warranty, which may simply be the duration of the original manufacturer's warranty.

State Lemon Laws While some lemon laws in other states don't cover used cars, Louisiana's may, depending on your warranty. If your car has been under repair for 45 days or more, or subject to repair 4 or more times for the same defect, you may be entitled to a refund or a replacement vehicle.

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Promissory Note Template With Amortization Schedule