Maryland Commercial Law Section 12-635

Article - Commercial Law

§ 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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