§2-508. Conversion to open end credit
The parties may agree to add the unpaid balance of a consumer credit transaction not made pursuant to open-end credit to the consumer's open-end credit account with the creditor. The unpaid balance so added is an amount equal to the amount financed determined according to the provisions on finance charge on refinancing, section 2‑504. This section does not apply to consumer leases. [PL 1973, c. 762, §1 (NEW).]
SECTION HISTORY
PL 1973, c. 762, §1 (NEW).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 2: FINANCE CHARGES AND RELATED PROVISIONS
Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS
9-A §2-501. Additional charges
9-A §2-502. Delinquency charges
9-A §2-504. Finance charge on refinancing
9-A §2-505. Finance charge on consolidation
9-A §2-506. Advances to perform covenants of consumer
9-A §2-507. Attorney's fees and collection costs