There is a newer version of the Maryland Code
2013 Maryland Code
COMMERCIAL LAW
§ 12-635 - Prepayment
MD Comm L Code § 12-635 (2013) What's This?
§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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