Delaware § 4326 Default in payment of certain installments; buyer entitled to new payment schedule

Delaware Statutes

§ 4326 — Default in payment of certain installments; buyer entitled to new payment schedule

Delaware·Title 6·Ch. 43 RETAIL INSTALLMENT SALES·Subch. Refinancing and Consolidation

In the event a contract provides for the payment of any installment which is more than double the amount of the average of the preceding installment, the buyer, upon default of this installment, shall be given an absolute right to obtain a new payment schedule. Unless agreed to by the buyer, the periodic payments under the new schedule shall not be substantially greater than the average of the preceding installments.

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In the event a contract provides for the payment of any installment which is more than double the amount of the average of the preceding installment, the buyer, upon default of this installment, shall be given an absolute right to obtain a new payment schedule. Unless agreed to by the buyer, the periodic payments under the new schedule shall not be substantially greater than the average of the preceding installments.

Delaware § 4326 (Default in payment of certain installments; buyer entitled to new payment schedule) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.