16a-3-307. (UCCC) Certain negotiable instruments prohibited.

16a-3-307

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

      16a-3-307.   (UCCC) Certain negotiable instruments prohibited. With respect to a consumer credit sale or consumer lease, the creditor may not take a negotiable instrument other than a currently dated check as evidence of the obligation of the buyer or lessee.

      History:   L. 1973, ch. 85, § 53; L. 1981, ch. 93, § 9; July 1.