Del. Code tit. 5 § 946

Current through 2024 Legislative Session Act Chapter 531

Section 946 - Terms for indebtedness

A bank may, if the agreement governing a revolving credit plan so provides, impose different terms (including, without limitation, the terms governing the periodic percentage rate or rates used to calculate interest, the method of computing the outstanding unpaid indebtedness to which such rate or rates are applied, the amounts of other charges and the applicable installment repayment schedule) in respect to indebtedness arising out of purchases and indebtedness arising out of loans made under the plan.

5 Del. C. § 946

63 Del. Laws, c. 2, §4.;