16a-3-402. (UCCC) Limitation on default charges. - Kansas Statutes

16a-3-402

Chapter 16a.--CONSUMER CREDIT CODE Part 4 LIMITATIONS ON CONSUMER'S LIABILITY Article 3.--REGULATION OF AGREEMENTS AND PRACTICES

      16a-3-402.   (UCCC) Limitation on default charges. Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit transaction may not provide for any charges as a result of default by the consumer other than those authorized by K.S.A. 16a-1-101 through 16a-9-102. A provision in violation of this section is unenforceable.

      History:   L. 1973, ch. 85, § 57; Jan. 1, 1974.