70C-4-101. Minimum billing cycle charge. If there is an unpaid balance in an open-end account on the date the finance charge is applied, the creditor may assess a minimum charge. Amended by Chapter 162, 2005 General Session
70C-4-102. Change of terms of open-end consumer credit contracts. (1) For purposes of this section, “change” includes to add, delete, or otherwise change a term of an open-end consumer credit contract. (2) (a) Notwithstanding Section 25-5-4, a creditor may change any written term of an open-end consumer credit contract at any time while the open-end […]
70C-4-103. Finance charge for open-end accounts. With respect to an open-end consumer credit contract, a finance charge may only be calculated during any particular billing cycle on the basis of either: (1) the average or actual daily balance of the account; or (2) the unpaid balance of the account on the last day of the […]
70C-4-104. Redundant delinquency charges prohibited. With respect to an open-end account, no delinquency charge may be assessed on a payment that is otherwise a payment in full for the applicable period solely because of an unpaid delinquency charge relating to an earlier installment. Enacted by Chapter 133, 1991 General Session
70C-4-105. Class actions. (1) In accordance with this section, a creditor may contract with the debtor of an open-end consumer credit contract for a waiver by the debtor of the right to initiate or participate in a class action related to the open-end consumer credit contract. (2) To contract for the waiver described in Subsection […]
