§ 25A‑16.  Transfer of equity.

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.)