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Code · Maryland · Commercial Law

§ 12-635

58 words·~1 min read·/md/commercial-law/12-635

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§12–635.
(a)A sales finance company shall permit a buyer to prepay in full or in part at any time, without penalty, the outstanding balance payable under a renewal, extension, or refund agreement.
(b)If a buyer prepays the entire outstanding balance, the sales finance company shall pay or credit to him the unearned portion of the charge.
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