Section 12-632 - Permitted transactions.
§ 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.]