Effective: November 25, 1969
Latest Legislation: Senate Bill 156 - 108th General Assembly
Every vendor under a land installment contract shall, at least once a year or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following:
(A) The amount credited to principal and interest;
(B) The balance due.
A land contract passbook issued by the vendor or a financial institution shall be sufficient compliance with this section.