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 § 4326

Title6

Ch. 43RETAIL INSTALLMENT SALES

Subch.Refinancing and Consolidation

This text of Delaware § 4326 (Default in payment of certain installments; buyer entitled to new payment schedule) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 6, § 4326 (2026).

Text

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.