Please note that there has been a revision made to the LAW®553-AK(4P)7/21 contract as well as the LAW®553-AK-B-A7/21. The new form numbers are LAW®553-AK(4P)4/24 and LAW®553-AK-B-A4/24.
As a result of user requests and in an effort to continually update and increase acceptance of our LAW 553 contracts, we have made the following changes to our 553 contract in Alaska:
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Added Cell and Email fields to the Buyer and Co-Buyer boxes
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Removed the NO COOLING OFF PERIOD disclosure box
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We made additions, deletions and revisions of language in the following sections on the back of the contract:
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New programming will be required for the new revision. The standard and B-A versions will not line up the same as each other for programming purposes.
Inventory for the new product will be available by February 19, 2024. Dealers should begin using the new contract on April 1, 2024.
The Bankers Systems® brand Motor Vehicle Retail Installment Sale Contracts are NOT impacted by the above changes and therefore will NOT be revised.