§25A-16. Transfer of equity

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If a buyer voluntarily transfers his rights in collateral pursuant to applicable law and the seller agrees, the seller may impose a transfer fee not to exceed ten percent (10%) of the unpaid balance of the debt or thirty-five dollars ($35.00), whichever is less.

(1971, c. 796, s. 1; 2000-169, s. 31.)

                    
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