Financing Disclosure - Sale of Used Car - New York City (Chinese)

This is a legal document that was released by the New York City Department of Consumer and Worker Protection - a government authority operating within New York City.

The document is provided in Chinese.

FAQ

Q: What is a financing disclosure?
A: A financing disclosure is a document that provides information about the terms and conditions of a loan or financing agreement.

Q: What does the financing disclosure for the sale of a used car in New York City include?
A: The financing disclosure for the sale of a used car in New York City includes details about the loan amount, interest rate, monthly payment amount, and any additional fees or charges.

Q: Why is a financing disclosure important?
A: A financing disclosure is important because it helps consumers understand the costs and terms associated with a loan or financing agreement, allowing them to make informed decisions.

Q: Who is responsible for providing a financing disclosure?
A: The seller or lender is responsible for providing a financing disclosure to the buyer.

Q: Is a financing disclosure required by law?
A: Yes, a financing disclosure is required by law to ensure transparency and protect consumers from unfair or deceptive practices.