Md. Code, Commercial Law § 12-635

§12–635.

Year: 2026Length: 57 wordsSubsections: 2Official source
(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.
Md. Code, Commercial Law § 12-635: §12–635. | Justis AI