Common Contracts

Non-­‐Recourse Dealer Agreement

Dealer Agreement • April 22nd, 2014 • Massachusetts

• Contract Type
  Dealer Agreement
• Filed
  April 22nd, 2014
• Jurisdiction
  Massachusetts

The undersigned Dealer proposes to submit to Leominster Credit Union (“LCU”) for purchase contracts and /or security agreements evidencing installment sales of goods and/or services to Buyers, including their successors in interest, in connection with the retail credit sales of motor vehicle, and security interests in the goods and proceeds thereof (hereinafter referred as “Contracts”). The terms and conditions and representations and warranties (collectively the “provisions”) in this Dealer Agreement, in any separate contract assignment form and in any other related written agreement (i.e. rate sheets,) between the Dealer and LCU apply to all Contracts submitted to LCU. For the purpose of this Agreement the term “Buyer” means any person or other legal entity that purchases a motor vehicle from the Dealer, including any co-­‐buyer, cosigner or guarantor.