§ 5-19-14 — Rebates or Discounts, Etc., as Inducement for Aiding Sale to Another Prohibited

With respect to a consumer credit sale, the seller may not give or offer to give a rebate or discount, or otherwise pay or offer to pay value to the buyer, as an inducement for a sale in consideration of the buyer giving to the seller the names of prospective purchasers, or otherwise aiding the seller in making a sale to another person, if the earning of the rebate, discount, or other value is contingent upon the occurrence of an event subsequent to the time the buyer agrees to buy. If a buyer is induced by a violation of this section to enter into a consumer credit sale, the agreement is unenforceable by the seller and the buyer, at the buyer’s option, may rescind the agreement or retain the goods delivered and the benefit of any services performed without any obligation to pay for them.

Legislative History

(Acts 1971, No. 2052, p. 3290, §10; Acts 1996, No. 96-576, p. 887, §2.)