Section 12-632 - Permitted transactions. - Maryland Statutes

§ 12-632. Permitted transactions.
 

In connection with an installment sale agreement, a sales finance company may: 

(1) Renew or extend the time for payment of any installment sale agreement or any installment; or 

(2) Refund to the buyer, for subsequent repayment by him, the amount of any installment previously paid. 
 

[An. Code 1957, art. 83, § 161; 1975, ch. 49, § 3.]