553-NV-e 10/12 2026

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This document is a Simple Interest Vehicle Contract for Sale and Security Agreement, outlining the terms of a vehicle purchase, including buyer and creditor information, payment schedules, insurance options, security interests in the collateral, and legal obligations related to default and repossession. It emphasizes compliance with federal lending laws and includes provisions for optional insurance coverage. The document also details the consequences of non-payment and the rights of both parties.

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Click ‘Get Form’ to open the 553-NV-e 10/12 in the editor.
Begin with Section A by entering the Buyer's Name(s), Address, and Contact Information. Ensure all fields are filled accurately for proper identification.
In Section B, input your Payment Schedule details including the Annual Percentage Rate, Amount of Payments, and Finance Charge. This section is crucial for understanding your financial obligations.
Proceed to Section C to itemize the Amount Financed. Fill in each line item carefully, including Vehicle Selling Price and any additional fees or charges.
In Section D, provide details about the vehicle being purchased. Include specifics like Year, Make, Model, and VIN to ensure clarity in your contract.
Review Sections E and F for electronic signature options and any additional terms. Confirm that you understand all conditions before signing.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a 553 form?

With regard to the 553 agreement, this is a boilerplate purchase agreement used by dealerships for both cash and finance purchases. The contract will break down all fees, how much down payment is paid, how many payments are due, what each payment will be, and when the first payment is due.

What is a sf1449 form?

SF 1449 is prescribed for use in solicitations and contracts for commercial products and commercial services. Agencies may prescribe additional detailed instructions for use of the form.

What is the 553 installment contract?

The LAW 553 acts as both a sale document and a financing document. The dealer sells the vehicle to the consumer and then immediately assigns the loan to a finance company, which is usually a subsidiary of the manufacturer. This assignee financing company is the intended beneficiary of the arbitration provision.