Except in section 8 (beginning with section 1808.1) of this chapter, a contract must contain: (2) Where the contract contains a financing fee determined on the basis of simple interest but provides for a minimum financing fee in the case of full advance payment, the contract must contain a statement of that fact and the amount of the minimum financing fee or the method of calculation thereof. a) the names of the Seller and the Buyer, the Place of Business of the Seller, the domicile or establishment of the Buyer indicated by the Buyer, as well as a description of the goods or services sufficient to identify them. Multiple services or goods may be described in terms and conditions and may be described in detail so that they can be identified in a separate written policy. (b) Any contract subject to this Chapter shall contain the information required by Regulation Z as to whether or not Regulation Z is applicable to the transaction. In addition, where applicable, the Agreement shall contain such other disclosures and notices as may be required in this Section and comply with the requirements and limitations of this Section. The information required in subdivision (c) may be broken down or subtotal to a greater extent than that required by this Subdivision and shall be provided together and in the order provided for in this Subdivision. No specific terminology shall be required for the disclosure of the matters referred to in subparagraph (c), except as expressly provided in that subparagraph. Except as otherwise provided in this subsection (b), such disclosures and communications may appear anywhere or in any order of the Agreement and may be combined or enforced with other provisions of the Agreement. Well-known examples of settlement availability in several states include timeshare sales. Transactions for a property that has multiple owners offer additional protection, as registration decisions are usually made under heavy pressure.

If the Owner provides the Buyer with a copy of these documents or a notice containing the elements required by Article 1803.3 and stating that the Buyer must inform the Owner in writing within 30 days if no copy of the Contract or any other document requested or requested by the Seller from the Buyer has been provided to him, and that he signed during the contractual negotiations and no such notification is made, it is conclusively presumed in favour of the third party that copies of these documents have been submitted in accordance with § 1803. 4 and 1803.7. (7) Difference between point (4) and the sum of items (5) and (6), referred to as the `amount financed`. (5) The amount of the Buyer`s deposit, the deposit does not include the administrative financing costs invoiced, received or collected by the Seller in accordance with subsection (c) of Article 1805.1 and as indicated in point (6), broken down to show: (a) A contract may provide that the Buyer may provide that the Buyer pays a late payment fee for each late payment, that does not exceed any of the following amounts: Many states offer cancellation of various business-to-consumer (B2C) contracts in order to protect consumer rights. States may offer delays from 24 hours to three days, 10 days, or an indefinite period for termination. The state of California, for example, offers consumers rights of withdrawal for more than 30 different types of contracts such as car sales, funeral contracts, and home advertising sales. Many home improvement contracts fall under Maryland`s door-to-door sales law (Title 14, Subtitle 3, Commercial Law Section, Maryland Annotated Code). The law applies to the sale of goods or services for which the seller or a representative of the seller personally requests the sale, also in response to an invitation from the buyer, and the buyer`s consent or offer to purchase is made in a place other than the seller`s place of business. The law requires the seller to provide the buyer with a copy of the contract in the same language, which is mainly used in the oral presentation of the sale, which displays the date of the transaction and includes the name and address of the seller.

Instalment retail sales negotiated and concluded by mail or telephone without personal request from a Seller or other representative of the Seller, where the Seller`s cash and deferred payment prices, as well as other terms and conditions, are clearly listed in a catalogue or other printed trade invitation generally accessible to the public, can be performed as shown below. All provisions of this chapter apply to such sales, except that the seller is not required to provide the buyer with a copy of the contract in accordance with section 1803.7, and if, upon receipt of the staggered retail purchase contract offered by the seller, spaces must be filled in by the buyer, the seller may insert in the appropriate spaces the amounts of money and other conditions, that are listed in the seller`s catalog, which is then in effect. Instead of the copy of the contract provided for in section 1803.7, the seller must provide the buyer with a written declaration of the items inserted in these empty spaces within 15 days of the date of shipment of the goods. (a) The entire agreement of the parties with respect to the costs and terms of payment for the goods and services, including promissory notes or other proof of debt between the parties in connection with the transaction. The Seller must, at the time of signature by the Buyer, provide the Buyer with a legible copy of the contract or any other document requested or signed by the Seller to the Buyer during the contractual negotiations. In addition to the penalties provided for in Article 12.2 (from Article 1812.6) of this Chapter, the Buyer is obliged to pay only the cash price until the Seller submits these documents. Any confirmation by the Buyer of the delivery of a copy of these documents must be printed or written in a format equal to at least 10 points in bold and, if included in the contract, must also appear directly above the space reserved for the Buyer`s signature. Written confirmation by Buyer that satisfies the requirements of this Section of the delivery of a copy of such documents shall constitute a rebuttable presumption of such delivery and of compliance with this Section and Section 1803.4 in any act or proceeding by or against any assignor of the Contract without knowing that it is acquiring the Contract. (3) A contract for goods or services that provides for a security right in immovable property shall also contain the following notice, which shall be entered into in the same language, (e.B. Spanish, as used in the contract, is written: “WARNING TO THE BUYER: IF YOU SIGN THIS CONTRACT, YOU WILL INSTALL YOUR APARTMENT AS SECURITY.

THIS MEANS THAT YOUR HOME COULD BE SOLD WITHOUT YOUR PERMISSION AND WITHOUT LEGAL ACTION IF YOU MISS A PAYMENT AS REQUIRED BY THIS AGREEMENT. “This notice must be printed in bold by at least 14 points, stand out from the rest of the contract by a border and appear directly above the seat reserved for the buyer`s signature. A security right established in a contract described in this paragraph that does not contain the notice required in this paragraph is void and unenforceable. Termination Any DIY contract covered by the Door-to-Door Sales Act must include a notice of termination attached to the contract. This notice informs the buyer of the right to terminate the contract and explains where the notice of termination of the contract must be sent and on what date the notice of withdrawal must be received in order to cancel the transaction. If the contract does not contain a notice of withdrawal, the buyer may terminate the contract by informing the seller in any way and in any way of his intention to cancel the sale. If it is expressly agreed between the Seller and the Buyer that the cash price will be paid in whole or in part from the proceeds of a loan to be received by the Buyer from a third party, the purchase contract or order may be cancelled at the Buyer`s discretion, and any consideration relating thereto will be returned by the respective parties without further request, if the Buyer is unable to obtain such financing by a third party on reasonable terms after making reasonable efforts to obtain it and the Buyer informs the Seller of the withdrawal within three working days. (b) A payment may only be subject to late payment charges, regardless of the period during which it remains in default. Payments received by seller on time under a written extension or deferral agreement are not subject to late payment fees. .