70C-1-103 - General principles of law apply -- Treatment of charge or fee.
70C-1-103. General principles of law apply -- Treatment of charge or fee.
(1) Unless displaced by the particular provisions of this title, the Uniform CommercialCode and the principles of law and equity, including without limitation the law relative tocapacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion,mistake, and bankruptcy shall supplement its provisions.
(2) A charge or fee described in Section 70C-1-106 assessed by a depository institutionas defined by Section 7-1-103 in accordance with this title may not be considered void as apenalty or otherwise unenforceable under statute or common law.
Amended by Chapter 180, 1999 General Session