A holder may at any time or from time to time permit a buyer to defer installment payments due under the terms of a retail installment contract and may, in connection with such deferral, charge and collect deferral charges and may also require payment by such buyer of the additional cost to the holder of premiums for continuing in force, until the end of such period of deferral, any insurance coverage provided in connection with the contract.

5 Del. C. 1953, § ?2909; 52 Del. Laws, c. 335, § ?1; 63 Del. Laws, c. 2, § ?13; 70 Del. Laws, c. 6, § ?14;

Terms Used In Delaware Code Title 5 Sec. 2910

  • buyer: means a person who buys a motor vehicle from a retail seller and who executed a retail installment contract in connection therewith. See Delaware Code Title 5 Sec. 2901
  • Contract: A legal written agreement that becomes binding when signed.
  • contract: means an agreement, entered into in this State, pursuant to which the title to, the property in or a lien upon the motor vehicle, which is the subject matter of a retail installment transaction, is retained or taken by a retail seller from a retail buyer as security, in whole or in part, for the buyer's obligation. See Delaware Code Title 5 Sec. 2901
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