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1999 SESSION
HB 1949 Finance charges under closed-end installment plans.
Introduced by: James M. Shuler | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Banking and finance; finance charges under closed-end installment plans. Allows, under a closed-end installment plan, a seller of commercial vehicles and equipment to charge and collect from a purchaser a document fee for the preparation, handling and processing of documents relating to the purchase of such vehicle or equipment. The fee is not considered a finance charge.
SUMMARY AS INTRODUCED:
Banking and finance; finance charges under closed-end installment plans. Allows, under a closed-end installment plan, a seller of commercial vehicles and equipment to charge and collect from a purchaser a document fee for the preparation, handling and processing of documents relating to the purchase of such vehicle or equipment. The fee is not considered a finance charge.