Re: whychat? I looked under MN on your site but was not sure.

Posted by Why Chat (12.77.146.66) on September 30, 2002 at 17:35:21:

In Reply to: Re: whychat? I looked under MN on your site but was not sure. posted by Why Chat on September 30, 2002 at 17:15:21:

OK-here are the max interest charges allowed
Subd. 4a. Finance charge for motor vehicle retail
installment sales. A retail installment contract evidencing
the retail installment sale of a motor vehicle as defined in
section 168.66 is subject to the finance charge limitations in
paragraphs (a) and (b).

(a) The finance charge authorized by this subdivision in a
retail installment sale may not exceed the following annual
percentage rates:

(1) Class 1. A motor vehicle designated by the
manufacturer by a year model of the same or not more than one
year before the year in which the sale is made, 18 percent per
year.

(2) Class 2. A motor vehicle designated by the
manufacturer by a year model of two to three years before the
year in which the sale is made, 19.75 percent per year.

(3) Class 3. Any motor vehicle not in Class 1 or Class 2,
23.25 percent per year.

In addition, the seller may not have had equitable title to the car, in which case it would be a fraudulent transfer.He may not have been licensed to sell on an installment plan.The car may have been illegally obtained.

Send me, via e-mail, the name of the SELLER, (I do not need the name of the buyer)The year make model & vin # of the car, the name of the ca that is suing, and on whose behalf. The date of the last payment they made.And most of all, did they have a TITLE that they transferred to the junkyard.

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