§ 12-906
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/md/commercial-law/12-906A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–906.
(a)If the agreement governing a revolving credit plan permitting the borrower to obtain both loans and purchases so provides, a credit grantor may impose different terms on the indebtedness arising out of purchases than to the indebtedness arising out of loans.
(b)Subsection
(a)of this section applies to all terms, including:
(1)The terms governing the periodic percentage rate used to calculate interest or finance charges;
(2)The method of computing the outstanding unpaid indebtedness to which the periodic percentage rate is applied;
(3)The amounts of other charges; and
(4)The applicable repayment schedule.