International Law
: Australian Regulatory Compliance ReviewInstalment Contracts and the Uniform Consumer Credit Code
The Justice Legislation Amendment Bill 2008 (pdf) has been introduced into the Queensland Parliament to amend the Consumer Credit Code (the Code) to ensure particular contracts for the sale of land or goods by instalments (known as ?terms sale of land contracts?, ?conditional sale agreements? and ?tiny terms contracts?) are credit contracts under the Code.
A terms sale of land (a sale on ?vendor?s terms? or a ?wrap loan?) is a sale of land under which the purchase price is payable by instalments. The vendor lets the purchaser into possession but retains title until conveyance following the final payment.
A conditional sale agreement (or ?Romalpa agreement?) is a sale of goods under which the purchase price is payable by instalments. The seller delivers the goods to the buyer but retains title until the final payment.
Tiny terms contracts are contracts where the cost of credit is incorporated into the cash price and the transaction is represented as a sale of goods by instalment (without any credit charges).
Technical amendments have also been drafted to capture contracts containing instalment payments that exceed the cash price of the goods, which are related to the contract for the actual sale of the goods.
Once the amendments are passed by the Queensland Parliament, industry will be provided with at least 6 months before they are commenced.
Justice Legislation Amendment Bill 2008 - Explanatory Notes (pdf)
Full post as published by Australian Regulatory Compliance Review on April 17, 2008 (boomark / email).
Jensen: Law School Attire: A Call for a Uniform Uniform Code
Tax Prof Erik M. Jensen (Case Western) has published Law School Attire: A Call for a Uniform Uniform Code, 33 Okla...
The Future of Consumer Credit...Today
We need to look at the net picture when we evaluate whether the terms of consumer credit are improving or worsening, but at the same time we need to recognize that within that net picture there may be some winners and some losers...
Shmuel Becher Papers on Consumer Contracts
Shmuel I. Becher has two papers on consumer contracts. One is Behavioral Science and Consumer Standard Form Contracts, 68 Louisiana Law Review, available at http://ssrn...
Consumer Credit Explodes in June, Further Proving Consumer Claims Unfounded
Despite what a recent Javelin Strategy & Research online survey suggested about consumer credit use being down in the midst of the nation's current economic struggles, recently-released Federal Reserve numbers for the month of June reveal quite the opposite about consumer credit.
The Future of Consumer Credit in the US
During these few posts we've been writing about aspects of consumer credit today in the US...
PENDING: House Bill 708 (Update Uniform Commercial Code)
Introduced by Rep. Sannie Overly on March 3, 2008, to make certain technical corrections to the Uniform Commercial Code...
Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act
Uniform Commercial Code and Contracts
Interstate commercial transactions and sale of goods in the United States
Building Codes
National, local, and municipal building code sources
Legal Forms
Business and Commercial Legal Forms
Prenuptial Agreements
Make an Airtight Prenuptial Agreement
Bankruptcy Law
A complete prime (pre-2005)
My fiance's check is DD into a local credit union. Bank seems to have a pattern of "invisibly holding" charges from the debit card until just HOURS before his DD is processed (and this is after hours, of course). Over th
Have your fiance take the information you've collected and go into the bank...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Must I refinance my house aftering taking full ownership after a divorce via a quit claim?
When financing there are at least two documents...the mortgage and the note. The...
Can a city library prevent you from using thier facilities based on a school district being from another city reaching into your city?
that seems a little ridiculous that they would do that. libraries are supposed t...
Should I return a phone call from a collection agency that doesn't name their client in the message?
In the county of the state where I live in the US, I am able to go to the websit...
Auto Financing
Credit Acceptance Corp. agrees to $52.1 million class action settlement after overcharging consumers for fees and interest on automobile installment contracts.
TransUnion
Class action credit practices suit offers free credit monitoring services for millions.
SunTrust HELOC Loan Termination
SunTrust HELOC allegedly violated clients contracts by decreasing, freezing, or terminating HELOC loans.
Cash4Gold Hit with Consumer Fraud Class Action
Cash4Gold Hit with Consumer Fraud Class Action
Wells Fargo Faces Potential Class Action Over Home Equity Credit Lines
Wells Fargo Faces Potential Class Action over Home Equity Credit Lines
Citibank
Will Repay $14 Million to Credit Card Customers
#1 Online Legal Resource
On 08-28 at 21:13PM
Ten months later, Fed must reveal names of emergency lending recipients #FOIA
On 08-25 at 19:02PM
Squeaky Fromme, would-be Ford assassin and Manson devotee, released from prison
On 08-14 at 15:19PM
Likely unintended consequence of cash-for-clunkers stimulus is dampening of 2010 spending
On 08-14 at 14:34PM
Palm seeks to halt Palm Pre Android theme on copyright and trademark ground
On 08-12 at 17:30PM
Congressional investigation demonstrates Karl Rove lied about his active role in US attorney's firing
On 08-12 at 16:20PM
Family of New York City swine flu victim to sue city for failure to secure school #nyc #swineflu
On 08-12 at 12:59PM
Real Network's DVD copying software deemed to break DMCA's anti-circumvention provisions
On 08-12 at 12:57PM
Prepaid funeral operators indicted for $100 Million fraud
On 08-12 at 12:53PM
NY Jets join Cincinnati, Dallas, Green Bay, Houston & Seattle #NFL teams offering branded state lottery games
On 08-12 at 12:43PM
My fiance's check is DD into a local credit union. Bank seems to have a pattern of "invisibly holding" charges from the debit card until just HOURS before his DD is processed (and this is after hours, of course). Over th
Have your fiance take the information you've collected and go into the bank...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Must I refinance my house aftering taking full ownership after a divorce via a quit claim?
When financing there are at least two documents...the mortgage and the note. The...
Can a city library prevent you from using thier facilities based on a school district being from another city reaching into your city?
that seems a little ridiculous that they would do that. libraries are supposed t...
Should I return a phone call from a collection agency that doesn't name their client in the message?
In the county of the state where I live in the US, I am able to go to the websit...
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| Get GoDaddy Hosting
All original material © 1999-2009 by USLaw.com. All other material, including Blog Directory feed content, are © by their respective copyright holders. |