HARRY HUGHES, Governor

2847

(II) THE BUYER WAS GUILTY OF FRAUDULENT
CONDUCT, INTENTIONALLY AND WRONGFULLY CONCEALED, REMOVED,
DAMAGED, OR DESTROYED THE GOODS, OR ATTEMPTED TO DO SO, AND THE
GOODS WERE REPOSSESSED BECAUSE OF THAT CONDUCT.

(2) UNDER PARAGRAPH (1) OF THIS SUBSECTION, THE
PAYMENT BY THE BUYER OF THE ENTIRE BALANCE DUE UNDER THE
AGREEMENT SHALL;

(I) CONSTITUTE REDEMPTION BY THE BUYER; AND

(II) ENTITLE THE BUYER TO TAKE POSSESSION OF
THE GOODS.

12-1021.

(a) (1) A credit grantor may repossess tangible personal
property securing a plan under an agreement if the consumer
borrower is in default.

(2) The credit grantor may repossess tangible
personal property from a consumer borrower only by:

(i) Legal process; or

(ii) Self-help, without use of force.

(b) Nothing in this section authorizes a violation of
criminal law.

(c) (1) At least 10 days before a credit grantor
repossesses any tangible personal property, the credit grantor
may serve a written notice on the consumer borrower of the
intention to repossess the tangible personal property.

(2) The notice shall:

(i) State the default and any period at the end
of which the tangible personal property will be repossessed; and

(ii) Briefly state the rights of the consumer
borrower in case the tangible personal property is repossessed.

(d) The notice may be delivered to the consumer borrower
personally or sent to him at his last known address by registered
or certified mail.

(e) Within 5 days after the credit grantor repossesses the
tangible personal property the credit grantor shall deliver to
the consumer borrower personally or send to him at his last known
address by registered or certified mail, a written notice which
briefly states:

(1) The right of the consumer borrower to redeem the
tangible personal property, and the amount payable for it;