Section 5-2-208 - Conversion to revolving account

The parties may agree to add to a revolving account the unpaid balance of a consumer credit transaction not made pursuant to a revolving account. The unpaid balance is an amount equal to the amount financed determined according to the provisions on refinancing contained in section 5-2-205.L. 2000: Entire article R&RE, p. 1201, § 1, effective July 1.This section is similar to former § 5-2-207 (5), as it existed prior to 2000.