Section 12-408 - Refinancing.
§ 12-408. Refinancing.
A lender may not refinance a loan more often than:
(1) Once during any twelve-month period of the loan; and
(2) Twice during any five-year period of the loan.
[An. Code 1957, art. 66, § 64; 1975, ch. 49, § 3.]