StateLaw Databases
In-depth analysis of the laws that affect consumer credit transactions and privacy
Boat, RV, and Powersports covers state laws that apply to consumer-purpose closed-end retail installment sales of: (1) ATVs and ATV Trailers, (2) Boats and Boat Trailers, (3) Camping Trailers, (4) Motorcycles, (5) Motor Homes, (6) Personal Watercraft and Trailers, and (7) Snowmobiles and Trailers. The questions relate to perfection of security interests, lien releases, and other pertinent issues. The responses are based on state statutes, regulations and materials published by the regulating entity. The responses generally do not cover state temporary emergency orders, local or municipal ordinances, or issues raised in litigation. The responses do not address issues related to direct loans, transactions secured by real property and/or dwellings, home solicitation sales, title loans, pawn transactions, lease transactions, rental or rent-to-own transactions, or other transactions that do not involve purchase-money secured retail installment sale financing.
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
For a personal guided tour and free trial, please contact Michael Willer at 614-855-0505, or by .