492                                            LAWS OF MARYLAND                            [Ch. 49

(1)    IF, IN ADDITION TO ANY DOWN PAYMENT, A
BUYER IS REQUIRED UNDER AN INSTALLMENT SALE AGREEMENT TO
MAKE A PAYMENT TO A SELLER BEFORE THE SELLER IS OBLIGATED
TO DELIVER THE GOODS SOLD. THE BUYER MAY CANCEL THE
INSTALLMENT SALE AGREEMENT BEFORE DELIVERY OR TENDER OF
THE GOODS BY THE SELLER.

(2)    NOTWITHSTANDING ANY PROVISION OF THE
INSTALLMENT SALE AGREEMENT, IF IT IS CANCELLED PURSUANT
TO THIS SUBSECTION, THE SELLER SHALL REFUND TO THE BUYER
WITHIN TEN DAYS AFTER NOTICE OF THE CANCELLATION AN
AMOUNT EQUAL TO AT LEAST 90 PERCENT OF ALL PAYMENTS MADE
BY THE BUYER UNDER THE INSTALLMENT SALE AGREEMENT,
INCLUDING ANY DOWN PAYMENT.

(B) BUYER'S REFUSAL TO ACCEPT DELIVERY OF GOODS.

IF, BECAUSE OF A DOWN PAYMENT MADE UNDER AN
INSTALLMENT SALE AGREEMENT, THE BUYER IS ENTITLED TO
DELIVERY OF THE GOODS BEFORE MAKING ANY FURTHER PAYMENT
AND THE BUYER REFUSES TO ACCEPT DELIVERY OF THE GOODS IN
ACCORDANCE WITH THE INSTALLMENT SALE AGREEMENT, ALL OR
PART OF HIS DOWN PAYMENT MAY BE FORFEITED TO THE EXTENT
PROVIDED IN THE INSTALLMENT SALE AGREEMENT.

REVISOR'S NOTE: This section presently appears as
Art. 83, §134.

References to the time a down payment is made
are deleted as unnecessary in light of the
definition of "down payment" in §12—601.

The only other changes are in style.

12-616. CREDIT FOR RECORDING AND FILING FEES.

(A) CREDIT FOR FEES NOT PAID OUT.

IF THE HOLDER DOES NOT PAY OUT TO A PUBLIC OFFICIAL
THE FULL AMOUNT CHARGED TO THE BUYER FOR FILING AND
RECORDING INSTRUMENTS, THE BUYER SHALL RECEIVE CREDIT FOR
THE AMOUNT SO CHARGED TO HIM AND NOT PAID OUT.

(B) CREDIT TO BE MADE AGAINST LAST INSTALLMENT.

THE HOLDER SHALL CREDIT THE AMOUNT OF THE OVERCHARGE
AGAINST THE LAST INSTALLMENT OR INSTALLMENTS UNDER THE
AGREEMENT.

REVISOR'S NOTE: This section presently appears as
Art. 83, §135.

In subsection fa) of this section, the word
"actually," as it presently Modifies "pay