16a-2-508.   (UCCC) Conversion to open end credit.The parties may agree to add the unpaid balance of a consumer credittransaction not made pursuant to open end credit to the consumer's open endcredit account with the creditor. The unpaid balance so added is an amountequal to the amount financed determined according to the provisions onfinance charge on refinancing (section 16a-2-504).

      History:   L. 1973, ch. 85, § 36; Jan. 1, 1974.