Section 54-3A-10 - Rebate on acceleration of maturity.

54-3A-10. Rebate on acceleration of maturity. If the maturity of an obligation under an installment sales contract is accelerated for any reason and judgment is obtained, the consumer is entitled to a rebate computed as if payment in full had been made on the date that the action was brought.

Source: SL 1974, ch 305, § 4.