16a-2-508

Chapter 16a.--CONSUMER CREDIT CODE

Part 5 CONSUMER CREDIT TRANSACTIONS; OTHER CHARGES AND MODIFICATIONS
Article 2.--FINANCE CHARGES AND RELATED PROVISIONS

     
16a-2-508.   (UCCC) 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 16a-2-504).

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