Md. Code, Com. § 12-635

Current with changes from the 2024 Legislative Session
Section 12-635 - Prepayment
(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, CL § 12-635