§ 12–635
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-635 (2026)
Title 12. Credit Regulations
Subtitle 6. Retail Installment Sales
§ 12–635LinkCopy Citation
(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.