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Get the free RETAIL INSTALLMENT SALES ACT Act 224 of 1966 AN ACT to ... - legislature mi

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AN ACT to regulate retail installment sales transactions, agreements, charges ..... The seller retains a security interest in the subject of this agreement”.
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Retail installment sales act is a state law that regulates the sale of goods or services on credit.
Retailers and merchants who offer goods or services on credit are required to file the retail installment sales act.
To fill out the retail installment sales act, retailers must provide information about the sale, credit terms, and buyer's information.
The purpose of the retail installment sales act is to protect consumers who purchase goods or services on credit.
Retailers must report information such as the total sale price, down payment, finance charges, and payment schedule on the retail installment sales act.
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