MARVIN MANDEL, Governor

497

reference to the computations as being the
"Rule of 78" is added for purposes of clarity
and conformity.

In subsection (b)(1)(ii) of this section, the
term "prepaid" is substituted for
"anticipated" for purposes of conformity.

The only other changes are in style.

For special prepayment provisions relating to
consumer goods, see §12—612; for prepayment
provisions relating to renewal, extension, or
refund agreements with a sales finance
company, see §12—635.

12-621. STATEMENT OF ACCOUNT.

(A)   STATEMENT REQUIRED.

AT ANY TIME AFTER EXECUTION OF AN AGREEMENT, BUT NOT
LATER THAN ONE YEAR AFTER THE LAST PAYMENT IS MADE UNDER
IT, THE HOLDER SHALL DELIVER OR MAIL TO THE BUYER AT HIS
LAST KNOWN ADDRESS, WITHIN 10 DAYS AFTER THE HOLDER
RECEIVES A WRITTEN REQUEST FROM THE BUYER, A COPY OF THE
AGREEMENT AND A SIGNED STATEMENT WHICH SETS FORTH:

(1)   THE AMOUNT PAID BY OR ON BEHALF OF THE
BUYER, AND THE ALLOCATION OF THE AMOUNT BETWEEN PRINCIPAL
OBLIGATIONS AND CHARGES, INCLUDING CHARGES FOR
DELINQUENCIES, EXPENSES OF REPOSSESSION, EXTENSIONS, AND
REFUNDS;

(2)   ANY AMOUNT WHICH REMAINS PAYABLE, AND THE
ALLOCATION OF THE AMOUNT BETWEEN PRINCIPAL OBLIGATIONS
AND CHARGES, INCLUDING CHARGES FOR DELINQUENCIES,
EXPENSES OF REPOSSESSIONS, EXTENSIONS, AND REFUNDS; AND

(3) THE NUMBER OF INSTALLMENTS PAYABLE IN THE
FUTURE, AND THE AMOUNT AND TIME OF EACH.

(B)   STATEMENT TO BE FREE OF CHARGE.

THE STATEMENT SHALL BE SUPPLIED FREE OF CHARGE,
EXCEPT THAT A FEE OF 50 CENTS MAY BE CHARGED FOR ANY
STATEMENT SUPPLIED WITHIN 60 DAYS AFTER A PRIOR STATEMENT
WAS SUPPLIED.

REVISOR'S NOTE: This section presently appears as
Art. 83, §139.

In subsection (a)(1) of this section, a
reference to "expenses of repossession" is