16a-2-504. (UCCC) Finance charge on refinancing.
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/ks/16a-2-504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
16a-2-504.
(UCCC)Finance charge on refinancing. With respect to a consumer credit transaction, the creditor may by agreement with the consumer refinance the unpaid balance, including any accrued charges. For the purpose of determining the finance charge permitted, the amount financed resulting from the refinancing refinanced shall be the total of the unpaid balance and the accrued charges on the date of the refinancing.