Idaho Retail Installment Contract: V-303 ARBITRATION - REV. 10/2018
***This is a new form and will require reprogramming by your DMS provider. Please contact them directly for instructions.
This form is sold in minimum quantities of 100. (Shipped in packs of 50)
8.5"x22” with 2 copies
IADA has developed the Arbitration version of the Idaho Retail Installment Contract to include an arbitration provision. The arbitration provision benefits the parties to the retail contract by allowing the parties to choose to have any dispute arbitrated as an alternative to costly litigation and provides the process under which the arbitration will take place. NO SIGNATURES ARE REQUIRED.
Please note that this form is a universal contract and is absent of any specific financial institution. By using this contract, you may either assign a financial institution during the initial drafting of this contract or after the Buyer has signed the contract.
If additional legal advice is required, the services of a legal professional should be sought.
Compliance- Compliance knowledge base of industry best practices and exceptional support - because compliance/dealership liability protection is our primary focus with the Idaho Retail installment Contract.
Partnerships - IADA has worked hard to ensure that lenders are aware of our new contract and have included them in the design and build stage.
Cost Savings - The Idaho Generic Retail installment Contract is over a 20% cost saving over competitive forms.
IADA and the ISIADA are the Only Approved Distributors of the V-202 SIMPLE INTEREST - REV. 10/2018 and the V-303 ARBITRATION - REV. 10/2018
© Copyright Idaho Automobile Dealers Association, Inc. (2018) All Rights Reserved.
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