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§ 4338 — Delaware Law | CourtGPT
  1. Home/
  2. Laws/
  3. Delaware/
  4. Title 6 - Commerce and Trade/
  5. Chapter 43 - Retail Installment Salessub/
  6. Subchapter IX - Retail Installment Accounts§ 4334. Establishment of Retail Installment Account Authorized; Statement of Service Charges to Be Furnished to Buyer/
  7. § 4338
Delaware Legal Code

§ 4338

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(a) The seller or holder of a retail installment account shall promptly provide the buyer with a statement as of the end of each monthly period (which need not be a calendar month) setting forth the following: (1) The balance due to the seller or holder from the buyer at the beginning of the monthly period; (2) The dollar amount of each purchase by the buyer during the monthly period and (unless a sales slip or memorandum of each purchase has previously been furnished the buyer or is attached to the statement), the purchase or posting date, a brief description and the cash price of each purchase; (3) The payments made by the buyer to the seller or holder and any other credits to the buyer during the monthly period; (4) The amount of the service charge; (5) The total balance in the account at the end of the monthly period; (6) A legend to the effect that the buyer may at any time pay the total balance. (b) The items need not be stated in the sequence or order set forth above; additional items may be included to explain the computations made in determining the amount to be paid by the buyer.6 Del. C. 1953, § 4338; 52 Del. Laws, c. 342; 70 Del.

nce or order set forth above; additional items may be included to explain the computations made in determining the amount to be paid by the buyer.6 Del. C. 1953, § 4338; 52 Del. Laws, c. 342; 70 Del. Laws, c. 186, § 1;