Revised Code of Washington
Chapter 63.14 - Retail Installment Sales of Goods and Services.
63.14.159 - New payment schedule—When authorized.

RCW 63.14.159
New payment schedule—When authorized.

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 installments 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. This section shall not apply if the payment schedule is adjusted to the seasonal or irregular income of the buyer or to accommodate the nature of the buyer's employment.

[ 1967 c 234 § 15.]

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Structure Revised Code of Washington

Revised Code of Washington

Title 63 - Personal Property

Chapter 63.14 - Retail Installment Sales of Goods and Services.

63.14.010 - Definitions.

63.14.020 - Retail installment contracts—Number of documents—Promissory notes—Date—Signatures—Completion—Type size.

63.14.030 - Retail installment contracts—Delivery to buyer of copy—Acknowledgment of delivery.

63.14.040 - Retail installment contracts—Contents.

63.14.043 - Retail installment contracts—Purchase of motor vehicle—Secondary products.

63.14.050 - Retail installment contracts—Multiple documents permissible where original applies to purchases from time to time.

63.14.060 - Retail installment contracts—Mail orders based on catalog or other printed solicitation.

63.14.070 - Retail installment contracts—Seller not to obtain buyer's signature when essential blank spaces not filled—Exceptions.

63.14.080 - Retail installment contracts—Prepayment in full of unpaid time balance—Refund of unearned service charge—"Rule of seventy-eighths."

63.14.090 - Retail installment contracts, retail charge agreements, and lender credit card agreements—Delinquency or collection charges—Attorney's fees, court costs—Other provisions not inconsistent with chapter are permissible.

63.14.100 - Receipt for cash payment—Retail installment contracts, statement of payment schedule and total amount unpaid.

63.14.110 - Consolidation of subsequent purchases with previous contract.

63.14.120 - Retail charge agreements and lender credit card agreements—Information to be furnished by seller.

63.14.123 - Restrictions on electronically printed credit and debit card receipts.

63.14.125 - Lender credit card agreements—Security interests prohibited.

63.14.127 - Retail installment contracts—Dog or cat as security interest.

63.14.130 - Retail installment contracts, retail charge agreements, and lender credit card agreements—Service charge agreed to by contract—Other fees and charges prohibited.

63.14.136 - Retail installment transaction—Unconscionable—Judicial action.

63.14.140 - Retail installment contracts, retail charge agreements, and lender credit card agreements—Insurance.

63.14.145 - Retail installment contracts and charge agreements—Sale, transfer, or assignment.

63.14.150 - Retail installment contracts, retail charge agreements, and lender credit card agreements—Agreements by buyer not to assert claim or defense or to submit to suit in another county invalid.

63.14.151 - Retail installment contracts, retail charge agreements, and lender credit card agreements—Compliance with disclosure requirements of federal consumer protection act deemed compliance with chapter 63.14 RCW.

63.14.152 - Declaratory judgment action to establish if service charge is excessive.

63.14.154 - Cancellation of transaction by buyer—Procedure.

63.14.156 - Extension or deferment of payments—Agreement, charges.

63.14.158 - Refinancing agreements—Costs—Contents.

63.14.159 - New payment schedule—When authorized.

63.14.160 - Conduct or agreement of buyer does not waive remedies.

63.14.165 - Financial institution credit card agreement not subject to chapter 63.14 RCW, but subject to chapter 19.52 RCW.

63.14.167 - Lender credit card agreements and financial institution credit card agreements—Credit to account for returned goods or forgiveness of a debit for services—Statement of credit to card issuer—Notice to cardholder.

63.14.170 - Violations—Penalties.

63.14.175 - Violations—Remedies.

63.14.180 - Noncomplying person barred from recovery of service charge, etc.—Remedy of buyer—Extent of recovery.

63.14.190 - Restraint of violations.

63.14.200 - Assurance of discontinuance of unlawful practices.

63.14.210 - Violation of order or injunction—Penalty.

63.14.903 - Application, saving—1981 c 77.

63.14.910 - Saving—1963 c 236.

63.14.920 - Effective date—1963 c 236.

63.14.921 - Effective date—Saving—1967 c 234.

63.14.922 - Effective date—1993 sp.s. c 5.

63.14.924 - Application—1995 c 249.

63.14.925 - Savings—1995 c 249.

63.14.926 - Effective date—1995 c 249.