16a-3-401. (UCCC) Restriction on liability in consumer lease.

16a-3-401

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

      16a-3-401.   (UCCC) Restriction on liability in consumer lease. The obligation of a lessee upon expiration of a consumer lease may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.

      History:   L. 1973, ch. 85, § 56; L. 1981, ch. 93, § 11; July 1.