# Commercial Law (GCL)

## Title 12. Credit Regulations

### Subtitle 6. Retail Installment Sales

#### Section 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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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)