LAW^® 553^® Retail Installment
Sale Contract

The most widely used automotive Retail Installment Sale Contract in the United States.

Trusted excellence throughout the automotive and financial industries

Industry-approved expertise

Reviewed regularly by Hudson Cook, LLP, leaders in automotive finance law, to keep pace with changes to federal and state legislative and regulatory requirements, along with changes in industry best practices.
Accepted by virtually every major U.S. lender, including captive finance companies, banks, and credit unions.
Used by the majority of automotive dealers, as well as licensed and programed by all major DMS and electronic F&I vendors.
Offered in both print and digital formats.

Proven success

In addition to being written in consumer-friendly language for optimal comprehension and designed in a logical layout to increase readability, there are many more reasons why the LAW 553 is the recognized industry standard.

State-specific contracts available to meet individual state requirements.
Arbitration and translated versions offered for select states to facilitate transactions and protect your business.
Light blue shading emphasizes areas to be completed as part of the transaction reducing the potential for completion errors.
"Itemization of amount financed” section combines sales information and disclosures in a logical progression for the consumer.
Includes industry-leading best practices provisions such as Servicing and Collection and other relevant and necessary disclosures.

View full LAW® 553® Retail Installment Sale Contract

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Image of full LAW553 form document.

What our customers are saying

Consistent arbitration language protecting our dealership is a must-have, and with the LAW 553 we know we are using the most proactive and up-to-date form available.

Vice President, House Auto Group

I've been using the 553 for about 18 years. I think it's easy to use, and it puts everyone, dealership and customer, on the same page.

Hayes Auto Sales

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The BANKERS SYSTEMS® mark is owned by Wolters Kluwer Financial Services, Inc. and is used with permission by license. Wolters Kluwer Financial Services, Inc. bears no responsibility or liability with respect to the forms provided.