Section 28-42-301 – DELINQUENCY CHARGES.
28-42-301. DELINQUENCY CHARGES. (1) With respect to a precomputed regulated consumer credit transaction, the parties may contract for a delinquency charge on any installment not paid in full within ten (10) days after its due date, as originally scheduled or as deferred, in an amount which is not more than five percent (5%) of the […]
Section 28-42-302 – DEFERRAL CHARGES.
28-42-302. DEFERRAL CHARGES. (1) With respect to a precomputed regulated consumer credit transaction, refinancing, or consolidation, the parties before or after default may agree in writing to a deferral of all or part of one or more unpaid installments, and the creditor may make and collect a charge not exceeding the rate previously stated to […]
Section 28-42-303 – FINANCE CHARGE ON REFINANCING.
28-42-303. FINANCE CHARGE ON REFINANCING. With respect to a regulated consumer credit transaction, the creditor may, by agreement with the debtor, refinance the unpaid balance and may contract for and receive a finance charge based on the amount financed resulting from the refinancing. The amount financed resulting from the refinancing comprises, if the transaction was […]
Section 28-42-304 – FINANCE CHARGE ON CONSOLIDATION.
28-42-304. FINANCE CHARGE ON CONSOLIDATION. If a debtor owes an unpaid balance to a creditor with respect to a regulated consumer loan or regulated consumer credit sale, or a refinancing or consolidation thereof, and becomes obligated on another regulated consumer loan or regulated consumer credit sale, or a refinancing or consolidation thereof, with the same […]