Any failure to comply with any provision of this chapter (commencing with Section 2981) may be corrected by the holder, provided, however, that a willful violation may
not be corrected unless it is a violation appearing on the face of the contract and
is corrected within 30 days of the execution of the contract or within 20 days of
its sale, assignment or pledge, whichever is later, provided that the 20-day period
shall commence with the initial sale, assignment or pledge of the contract, and provided
that any other violation appearing on the face of the contract may be corrected only
within such time periods. A correction which will increase the amount of the contract balance or the amount
of any installment as such amounts appear on the conditional sale contract shall not
be effective unless the buyer concurs in writing to the correction. If notified in writing by the buyer of such a failure to comply with any provision
of this chapter, the correction shall be made within 10 days of notice. Where any provision of a conditional sale contract fails to comply with any provision
of this chapter, the correction shall be made by mailing or delivering a corrected
copy of the contract to the buyer. Any amount improperly collected by the holder from the buyer shall be credited against
the indebtedness evidenced by the contract or returned to the buyer. A violation corrected as provided in this section shall not be the basis of any
recovery by the buyer or affect the enforceability of the contract by the holder and
shall not be deemed to be a substantive change in the agreement of the parties.
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