§ 12-632. Permitted transactions

Latest version.

   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.

HISTORY: An. Code 1957, art. 83, § 161; 1975, ch. 49, § 3.

                    
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