- (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.
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 83, § 161.