Encyclopedia

Service Credit Agreement


An installment service agreement is a contract concluded between the installment service provider and the user, pursuant to which the installment service provider undertakes to perform actions related to paying the price of the installment item in accordance with the contract concluded by the user with the seller (performer, contractor, licensor (sub-licensor) and providing for the user's acquisition of the installment item, while the user undertakes to pay the installment service provider the price of the installment service agreement1.

  1. Federal Law No. 283-FZ dated July 31, 2025 "On the Activities Related to Providing an Installment Service". 2025, as amended on April 1, 2026, Article 2, paragraph 4. ↩

Laws with commentary

Codes and federal laws