security. We remain interested in the security of the purpose of this agreement. You give us an interest in the safety of the device. If the insurance costs are included in the contract and the buyer is entitled to a separate fee for such insurance: a. The information must be made in writing and written information must be communicated to the consumer for preservation. B. All necessary information must be more visible, but information relating to the creditor`s identity, annual percentage and financing charge must be disclosed in a more striking manner than all other information. 15 U.S.C No. 1632 (a). c. Most of the required information must be separated from other information that is not directly related to the required information. 12 C.F.R. 226.17 (a).
The creditor can separate the information in different ways: by printing it on a separate sheet of paper, by delimiting it in a field, by using bold demarcation lines, by using another color background or by using faces of different types. See Official Staff Commentary 12 C.R. 226.17 (a) (1)-2. (i) Exceptions to the segregation requirement: – The breakdown of the amount financed cannot be included in the separate data and – The identity of the creditor, the example of the variable rate, insurance indications and security interests may be taken into account or excluded from the separate data. 12 C.F.R. 226.17 (a) (1), 38. (2) If the contract contains a financing commission that is set on the basis of simple interest, but provides for a minimum financing fee in the event of a full advance, the contract contains a list of that fact and the amount of the minimum financing fee or its method of calculation. The State Retail Rate Sales Act, 56-1-1 to -16, and the Federal Truth in Lending Act, 15 U.S.C 1601 s.C s., regulate both senior contracts for individuals and retail contracts.
In order to protect consumers, both legal acts require that credit conditions be properly disclosed to consumers of credit. Judicious disclosure of credit conditions should allow the consumer to “compare the different credit conditions. and avoid the non-formal use of credit. 15 U.S.C No. 1601. Sales negotiated by telephone or mail can be made without a personal request from a seller or other seller`s representative, for which cash prices and deferred seller payment prices and other conditions are clearly stated in a publicly available catalogue or other print invitation, as shown below. All the 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 covered in Section 1803.7, and if the proposed sales contract for the retail sale rate has been received by the purchaser and the empty spaces must be filled , the seller may, in the corresponding voids, provide the amounts and other conditions, which are defined, in the corresponding voids. seller`s catalogue, which is then in effect.