Del. Code tit. 6 § 4326

Current through 2024 Legislative Session Act Chapter 531

Section 4326 - Default in payment of certain installments; buyer entitled to new payment schedule

In the event a contract provides for the payment of any installment which is more than double the amount of the average of the preceding installment, the buyer, upon default of this installment, shall be given an absolute right to obtain a new payment schedule. Unless agreed to by the buyer, the periodic payments under the new schedule shall not be substantially greater than the average of the preceding installments.

6 Del. C. § 4326

6 Del. C. 1953, § 4326; 52 Del. Laws, c. 342.;