16a-3-306. (UCCC) Authorization to confess judgment prohibited.

16a-3-306

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

      16a-3-306.   (UCCC) Authorization to confess judgment prohibited. A consumer may not authorize any person to confess judgment on a claim arising out of a consumer credit transaction. An authorization in violation of this section is void.

      History:   L. 1973, ch. 85, § 52; Jan. 1, 1974.