Section 105 – Extortionate extensions of credit.
70C-7-105. Extortionate extensions of credit. If it is the understanding of the creditor and the debtor at the time an extension of credit is made that delay in making repayment or failure to make repayment could result in the use of violence or other criminal means to cause harm to the person, reputation, or property […]
Section 106 – Unconscionability.
70C-7-106. Unconscionability. (1) With respect to a consumer credit agreement, if the court finds the agreement or any part of the agreement to have been unconscionable at the time it was made, the court may refuse to enforce the agreement, or it may enforce the remainder of the agreement without the unconscionable clause if that […]
Section 107 – Notice of negative credit report required.
Effective 5/12/2020 70C-7-107. Notice of negative credit report required. (1) As used in this section: (a) “Creditor,” in addition to its definition under Section 70C-1-302, includes an agent of a creditor engaged in administering or collecting the creditor’s accounts. (b) “Credit reporting agency” means any credit bureau, consumer reporting agency, association of lending institutions, association […]