17:16C-28 - Inclusion in retail installment contract of additional goods purchased after original agreement; additional statements - New Jersey Statutes

17:16C-28.  Inclusion in retail installment contract of additional goods purchased after original agreement;  additional statements
    Whenever a retail installment contract by its terms permits the inclusion of  additional goods purchased after the original agreement, and such goods are so  purchased and the amount due on the new purchase is combined with an unpaid  balance on any prior purchase so as to permit the retail seller to retain title  to or reserve a lien upon all goods under the combined agreement, the retail  seller shall, at the time of the additional purchase, deliver to the retail  buyer and attach to the original agreement:

    (a) A statement containing all the information with respect to the additional purchase required to be included in a retail installment contract; and

    (b) A statement showing the amount due on the agreement immediately previous  to the new purchase, the amount due after the new purchase, the payments agreed  to be made thereafter, and the number of additional months required to complete  the payments.

     L.1960, c. 40, p. 152, s. 28.