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ADDENDUM TO RETAIL INSTALLMENT CONTRACT ARBITRATION AGREEMENT AND SUPPLEMENTAL DISCLOSURE Pursuant to the Retail Installment Contract (the RIC) that Buyer signed in connection with the purchase of
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How to fill out addendum to retail installment

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How to fill out addendum to retail installment:

01
Obtain the addendum form: The first step is to acquire the addendum to retail installment form. This form can typically be obtained from the lender or financial institution that provided the initial retail installment agreement.
02
Fill in personal information: Begin by providing your personal information, such as your name, address, and contact details. This ensures that the addendum is correctly linked to your original retail installment agreement.
03
Specify the changes: Clearly state the modifications or amendments you wish to make to the original agreement. This could include changes in payment terms, interest rates, loan duration, or any other relevant adjustments.
04
Provide additional documentation: If required, attach any supporting documents that are necessary to validate or explain the requested changes. This may include updated financial statements, proof of income, or any other relevant paperwork.
05
Review and sign: Carefully review all the information provided in the addendum. Ensure that everything is accurate and reflects your desired changes. Once you are satisfied, sign the addendum form and date it.
06
Submit the addendum: After completing the form and signing it, submit the addendum to the same lender or financial institution that holds the original retail installment agreement. It is advisable to keep a copy for your records.

Who needs addendum to retail installment:

01
Borrowers seeking modifications: If you wish to make changes to the terms of your existing retail installment agreement, such as adjusting the interest rate or extending the loan duration, you would need an addendum to retail installment.
02
Lenders or financial institutions: In some cases, the lender or financial institution may require an addendum to retail installment. This could be due to changes in their policies, regulations, or internal processes.
03
Legal or regulatory compliance: Addendums to retail installment may also be necessary to ensure compliance with specific legal or regulatory requirements that have come into effect after the original agreement was signed.
Remember, it is important to consult with your lender or financial institution to determine if an addendum is needed and to understand their specific requirements for filling it out.
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An addendum to a retail installment contract is a document that modifies or adds to the terms of the original agreement.
Either the buyer or the seller may be required to file an addendum to a retail installment contract, depending on the circumstances.
To fill out an addendum to a retail installment contract, you must clearly state the changes being made and have both parties sign and date the document.
The purpose of an addendum to a retail installment contract is to officially document any changes to the original agreement.
The addendum must include details of the changes being made, such as new payment terms or additional items being purchased.
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