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Products > StateLaw Databases > Goods and Services Indirect

StateLaw Databases

In-depth analysis of the laws that affect consumer credit transactions and privacy

Goods and Services Indirect

Goods and Services Indirect covers laws that apply to consumer-purpose closed-end non-motor vehicle goods-secured retail installment sale financing and financing of services.

The product addresses issues in a question/answer format, and includes questions on licensing, fee and payment limitations, disclosures, perfecting security interests, recordkeeping, and collections. The responses are based on state statutes, regulations, and materials published by the regulating entity. The responses generally do not cover local or municipal ordinances. Goods and Services Indirect does not address transactions secured by real property and/or dwellings issues related to motor vehicle secured retail installment sales, open-end credit or retail charge accounts, direct loans, pawn transactions, rental or rent-to-own transactions or other transactions that do not involve non-motor vehicle goods secured installment financing or financing of services.

In Goods and Services Indirect, the term “creditor” applies to the seller and to any subsequent assignee of a retail installment sale contract. When the law treats the seller and assignee differently, we refer to the parties as "seller" and "holder."

Questions in the following categories are addressed:

  • Governing Law/Licensing
  • Record Retention
  • Finance Charge Rate
  • Origination Fees
  • Servicing Fees
  • Default Charges
  • Payment/Term Limitations
  • Modifications
  • Prepayment
  • Insurance Products and Debt Cancellation/GAP
  • Disclosure Requirements
  • Titling and Security Interests
  • Miscellaneous Issues
  • Collection
  • Penalties

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