Answer First
Primary Text
Termination of Account. - A cardholder may cancel or terminate his/her account anytime; Provided, That the cardholder either pays in full or enters into another agreement for payment of the outstanding balance and new purchases, debits and deferred installments payment may be made either through a one-time payment or on installments within a fixed period of time: Provided, further, That repayment in installments shall only be generally subject to interest unless there is a violation of the new agreement.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.