US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Section 101 – Finance and other charges.

70C-2-101. Finance and other charges. Except where restricted or otherwise covered by provisions of this title, the parties to a consumer credit agreement may contract for payment by the debtor of any finance charge and other charges and fees. Enacted by Chapter 159, 1985 General Session

Section 102 – Delinquency charges.

70C-2-102. Delinquency charges. (1) (a) The parties to any consumer credit agreement may contract for a delinquency charge on any installment not paid in full by its scheduled due date in an amount not exceeding the greater of: (i) $30; or (ii) 5% of the delinquent unpaid amount of the installment. (b) Notwithstanding Subsection (1)(a), […]

Section 103 – Deferral charges.

70C-2-103. Deferral charges. (1) The parties to any consumer credit agreement before or after default may agree in writing to defer all or part of one or more unpaid installments. Except in connection with an open-end credit agreement, the parties may also agree in writing at any time that if an installment is not paid […]

Section 104 – Advances to perform covenants of buyer.

70C-2-104. Advances to perform covenants of buyer. If a consumer credit agreement contains covenants by the debtor to perform certain duties pertaining to insuring or preserving collateral and the creditor pursuant to the agreement pays for performance of the duties on behalf of the debtor, the creditor may add the amounts paid to the unpaid […]

Section 105 – Attorney’s fees.

70C-2-105. Attorney’s fees. A consumer credit agreement may provide for the payment of reasonable attorney’s fees in the event of default and referral to an attorney including one who is a salaried employee of the creditor or its assignee. Enacted by Chapter 159, 1985 General Session