Retail Installment Contracts; Statement of Dates, Payments and Unpaid Balances; Receipt.

Checkout our iOS App for a better way to browser and research.

Sec. 10.

Upon written request of the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer shall be given a written receipt for any payment when made in cash. The statement or receipt shall be given the buyer once without charge; if any additional statement is requested by the buyer, it shall be supplied by the holder at a charge not in excess of $1.00 for each additional statement or receipt so supplied.

History: 1966, Act 224, Eff. Mar. 10, 1967


Download our app to see the most-to-date content.