54-3A-3. Finance charges on installment sales contract.
Notwithstanding the provisions of any other law, a creditor may contract for and receive, pursuant to an installment sales contract, a finance charge at a rate as agreed upon by the creditor and the consumer by written agreement. The finance charge is expressed and compounded in the same manner as an interest rate.
Source: SL 1974, ch 305, §2; SL 1979, ch 331; SL 1980, ch 337, §2A; SL 1982, ch 343, §1.