Massachusetts General Laws ch. 255D sec. 24 – Waiver
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Section 24. No act, agreement or statement of any buyer in any retail installment sale agreement or revolving credit agreement shall constitute a valid waiver of any benefit or protection afforded by the provisions of this chapter.
Terms Used In Massachusetts General Laws ch. 255D sec. 24
- Revolving credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or open-end credit.) Source: OCC