Payment in Full; Acknowledgment, Release of Collateral.

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Sec. 403.

After the payment of all sums for which the buyer is obligated under a home improvement installment contract and upon demand made by the buyer, the holder shall deliver, or mail to the buyer at his last known address, such 1 or more good and sufficient instruments as may be necessary to acknowledge payment in full and to release all collateral.

History: 1965, Act 332, Eff. Jan. 1, 1966


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