Sec. 105. “Principal” means the total of:

(a) the net amount paid to, receivable by, or paid or payable from the account of the borrower; and

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(b) to the extent that the payment is deferred, the additional charges permitted by this chapter that are not included in subdivision (a).

As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.18.