Section 54-3A-14 - Unilateral deferral by creditor prohibited.

54-3A-14. Unilateral deferral by creditor prohibited. No term of a writing executed by the buyer prior to agreement to a deferral constitutes authority for a creditor unilaterally to grant a deferral and make charges therefor.

Source: SL 1974, ch 305, § 12; SL 1990, ch 30, § 14.