(a) Notwithstanding any other law, the service charge included in a retail installment contract, retail charge agreement, revolving charge agreement, or other retail charge agreement must be at the rate agreed upon by the retail seller and the buyer.
(b) This section does not limit or restrict the method of computing the service charge, whether by way of add-on, simple interest, or otherwise, so long as that method is disclosed in the contract and agreed upon by the retail seller and the buyer.
Section: Previous 45.10.050 45.10.060 45.10.070 45.10.080 45.10.090 45.10.100 45.10.110 45.10.120 45.10.130 45.10.140 45.10.150 45.10.160 45.10.170 45.10.180 45.10.190 NextLast modified: November 15, 2016