54-3A-6. Commencement of term of obligation--Down payments.
The term of a consumer obligation under this chapter, commences with the date the credit is granted unless goods are delivered or services are performed ten days or more after the date credit is granted, in which case the term commences with the date of delivery or performance. Nothing in this section shall prohibit a down payment.
Source: SL 1974, ch 305, §7.