§14A-1-101. Short title.
This act shall be known and may be cited as Uniform Consumer Credit Code. Added by Laws 1969, c. 352, § 1-101, eff. July 1, 1969.
§14A-1-102. Purposes – Rules of construction.
(1) This act shall be liberally construed and applied to promote its underlying purposes and policies. (2) The underlying purposes and policies of this act are (a)to simplify, clarify and modernize the law governing retail installment sales, consumer credit, small loans and usury; (b)to provide rate ceilings to assure an adequate supply of credit to […]
§14A-1-103. Supplementary general principles of law applicable.
Unless displaced by the particular provisions of this act, the Uniform Commercial Code and the principles of law and equity, including the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, or other validating or invalidating cause, supplement its provisions. Added by Laws 1969, c. 352, § 1-103, […]
§14A-1-104. Construction against implicit repeal.
This act being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided. Added by Laws 1969, c. 352, § 1-104, eff. July 1, 1969.
§14A-1-106. Change in dollar amount used in certain sections.
(1) From time to time the dollar amounts in paragraphs (a), (b) and (c) of subsection (2) of Section 2-201, paragraph (a) of subsection (1) of Section 2-203, subsection (1) of Section 2-407, Section 2-413, paragraph (b) of subsection (1) of Section 3-203, Section 3-203.1, subsection (4) of Section 3-508A, subsection (1) of Section 3-510, […]
§14A-1-107. Waiver – Agreement to forego rights – Settlement of claims.
(1) Except as otherwise provided in this act, a buyer, lessee or debtor may not waive or agree to forego rights or benefits under this act. (2) A claim by a buyer, lessee, or debtor against a creditor for an excess charge, other violation of this act, or civil penalty, or a claim against a […]
§14A-1-108. Effect of act on powers of organizations.
(1) This act prescribes maximum charges for all creditors, except lessors and those excluded (Section 1-202), extending consumer credit including consumer credit sales (Section 2-104), consumer loans (Section 3-104), and consumer related sales and loans (Section 2-602 and Section 3-602), and displaces existing limitations on the powers of those creditors based on maximum charges. (2) […]
§14A-1-109. Discrimination in extension of credit on basis of sex or marital status prohibited.
(1) With respect to a “Consumer Credit Sale”, “Consumer Lease”, or “Consumer Loan”, no creditor shall limit or refuse to extend credit solely on the basis of the sex or marital status of the consumer. (2) The provisions of this section shall be enforced by the Administrator of the Department of Consumer Credit in accordance […]
§14A-1-110. Use of cash discounts.
With respect to a credit card which may be used for extensions of credit in sales transactions in which the seller is a person other than the card issuer, the card issuer may not, by contract or otherwise, prohibit any such seller from offering a discount to a cardholder to induce the cardholder to pay […]
§14A-1-111. Location of amendments.
Amendments to this title for purposes of complying with the Federal Consumer Credit Protection Act shall be located in Article 3 of this title. Added by Laws 2013, c. 99, § 1, eff. July 1, 2013.
§14A-1-201. Territorial application.
(1) Except as otherwise provided in this section, the Uniform Consumer Credit Code applies to sales, leases, and loans made in this state and to modifications, including refinancings, consolidations, and deferrals, made in this state, of sales, leases, and loans, wherever made. For purposes of the Uniform Consumer Credit Code: (a)a sale or modification of […]
§14A-1-201A. Extraterritorial application.
With respect to a consumer credit sale or consumer loan to which this Code does not otherwise apply by reason of Section 1-201, if, pursuant to a solicitation relating to a consumer credit sale or loan received in this state, a person who is a resident of this state sends a signed writing evidencing the […]
§14A-1-202. Exclusions.
This act does not apply to (1) Extensions of credit to government or governmental agencies or instrumentalities; (2) The sale of insurance by an insurer, except as otherwise provided in the article on insurance (Article 4); (3) Transactions under public utility or common carrier tariffs if a subdivision or agency of this state or of […]
§14A-1-301. General definitions.
In addition to definitions appearing in subsequent articles, in this title: (1) “Actuarial Method” means the method, defined by rules adopted by the Administrator, of allocating payments made on a debt between principal or amount financed and loan finance charge or credit service charge pursuant to which a payment is applied first to the accumulated […]
§14A-1-302. Definition: “Federal Consumer Credit Protection Act”.
In this title, “Federal Consumer Credit Protection Act” means the Consumer Credit Protection Act (Public Law 90-321; 82 Stat. 146), as amended, including the amendments to the Federal Consumer Credit Protection Act in the Truth in Lending Simplification and Reform Act (Public Law 96-221; 94 Stat. 168-185) and the Dodd-Frank Wall Street Reform and Consumer […]
§14A-1-303. Index of definitions in act.
Definitions in this title and the sections in which they appear are: “Actuarial method” – Section 1-301(1) “Administrator” – Section 1-301(2) “Administrator” – Section 6-103 “Agreement” – Section 1-301(3) “Agricultural purpose” – Section 1-301(4) “Amount financed” – Section 2-111 “Annual percentage rate” (sale) – Section 2-304(2) “Annual percentage rate” (loan) – Section 3-304(2) “Cash price” […]
§14A-2-101. Short title.
This article shall be known and may be cited as Uniform Consumer Credit Code – Credit Sales. Added by Laws 1969, c. 352, § 2-101, eff. July 1, 1969.
§14A-2-102. Scope.
This article applies to consumer credit sales, including home solicitation sales, and consumer leases. Added by Laws 1969, c. 352, § 2-102, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 5, operative June 1, 1982.
§14A-2-103. Definitions in article.
The following definitions apply to this act and appear in this article as follows: “Amount financed” – Section 2-111 “Annual percentage rate” – Section 2-304(2) “Cash price” – Section 2-110 “Consumer credit sale” – Section 2-104 “Consumer lease” – Section 2-106 “Corresponding nominal annual percentage rate” – Section 2-304(3) “Credit service charge” – Section 2-109 […]
§14A-2-104. Definition: “Consumer credit sale”.
(1) Except as provided in subsection (2), “consumer credit sale” is a sale of goods, services or an interest in land in which (a)credit is granted by a person who regularly engages as a seller in credit transactions of the same kind; (b)the buyer is a person other than an organization; (c)the goods, services or […]