16a-6-109. (UCCC) Assurance of discontinuance.

16a-6-109

Chapter 16a.--CONSUMER CREDIT CODE Part 1 POWERS AND FUNCTIONS OF ADMINISTRATOR Article 6.--ADMINISTRATION

      16a-6-109.   (UCCC) Assurance of discontinuance. If it is claimed that a person has engaged in conduct subject to an order by the administrator (section 16a-6-108) or by a court (sections 16a-6-110 through 16a-6-112), the administrator may accept an assurance in writing that the person will not engage in the conduct in the future. If a person giving an assurance of discontinuance fails to comply with its terms, the assurance is evidence that prior to the assurance he engaged in the conduct described in the assurance.

      History:   L. 1973, ch. 85, § 102; Jan. 1, 1974.