A seller or holder who violates any provision of this chapter is barred from recovery of any finance charge, official fees and delinquency charge under or in connection with the related retail installment contract or the related retail charge account agreement for as long as the violation continues. This section does not bar the seller or holder from recovery from the buyer of an amount equal to the cash price of the goods or services and the cost to the seller or holder of any insurance included in the transaction.

Terms Used In Arizona Laws 44-6006

  • buyer: means a person who buys goods or services from a retail seller. See Arizona Laws 44-6001
  • Contract: A legal written agreement that becomes binding when signed.
  • Goods: means all tangible chattels, except motor vehicles, money, things in action or intangible personal property other than merchandise certificates or coupons as described in this chapter. See Arizona Laws 44-6001
  • Holder: means :

    (a) The retail seller of goods or services under a retail installment contract or retail charge account agreement. See Arizona Laws 44-6001

  • Official fees: means :

    (a) The amount of the fees prescribed by law for filing, recording or otherwise perfecting and releasing or satisfying a retained title, lien or other security interest created by a retail installment transaction. See Arizona Laws 44-6001

  • Retail charge account agreement: means an arrangement prescribing the terms of retail installment transactions which may be made from time to time in which a retail buyer purchases goods or services and in which a finance charge or delinquency charge may be computed in relation to the buyer's balance in the account. See Arizona Laws 44-6001
  • seller: means a person regularly and principally engaged in the business of selling goods or services to retail buyers. See Arizona Laws 44-6001
  • Services: means work, labor, or services of any kind. See Arizona Laws 44-6001
  Previous section
Next section  
 Article 1 Contents