(ii) which does not exceed $7.50 and is applicable to an amount financed
exceeding $75.

(11) The number, amount, and due dates or periods of payments scheduled
to repay the indebtedness and the sum of such payments using the term
"total of payments". If installment payments are stated in terms of a
series of scheduled amounts and if the amount of the final installment
payment does not exceed the scheduled amount of any preceding installment
payment, the maximum number of payments and the amount and date of each
payment need not be separately stated and the amount of the scheduled final
installment payment may be stated as the remaining unpaid balance. The due
date of the first installment payment may be fixed by a calendar date, by
reference to the date of the contract or by reference to the date of
delivery or installation of the goods.

(12) The amount, or method of computing the amount, of any default,
delinquency, or similar charges payable in the event of late payments.

(13) A description or identification of the type of any security
interest held or to be retained or acquired by the seller in connection
with the extension of credit, and a clear identification of the property to
which the security interest relates.

(14) A description of any penalty charge that may be imposed by the
seller or his assignee for prepayment of the principal of the obligation with an explanation of the method of
computation of such penalty and the conditions under which it may be
imposed.

(15) Identification of the method of computing any unearned portion of
the finance charge in the event of prepayment of the obligation and a
statement of the amount or method of computation of any charge that may be
deducted from the amount of any rebate of such unearned finance charge that
will be credited to the obligation or refunded to the buyer.

(16) The date on which the finance charge begins to accrue if different
from the date of the transaction.

The disclosures required to be given by this Section shall be made
clearly, conspicuously and in meaningful sequence. Where the terms "finance
charge" and "annual percentage rate" are required to be used, they shall be
printed more conspicuously than other terminology required.

A retail installment contract which complies with the federal Truth in
Lending Act, amendments thereto, and any regulations issued or which may
be issued thereunder, shall be deemed to be in compliance with the provisions
of this Section.

Notwithstanding any other provision of this Act or any other law of
this State, there is no obligation or duty to disclose to an obligor under a
retail installment contract: (i) any agreement to sell, assign, or otherwise
transfer the contract to a third party for an amount which is equal to, in
excess of, or less than the amount financed under the contract; or (ii) that
the assignee of the contract or the person who funded it may pay the seller or
the person who originated the contract all or a portion of the prepaid finance
charges and other fees or a portion of the finance charge to be paid by the
buyer over the term of the transaction or any other compensation irrespective
of how the compensation is determined.

(Source: P.A. 90-437, eff. 1-1-98.)