Section 50 — Credit Contracts and Consumer Finance Act 2003: Debtor's right to full prepayment

50 Debtor's right to full prepayment (1) A creditor must accept any full prepayment of a consumer credit contract from a debtor at any time. (2) The full prepayment must be credited in accordance with section 46(1) . (3) A consumer credit contract must not prohibit the full prepayment of the contract. (4) Nothing in sections 97 to 99 of the Property Law Act 2007 limits this section or section 51 . Section 50(4): amended, on 1 January 2008, by section 364(1) of the Property Law Act 2007 (2007 No 91).