16a-1-102.   (UCCC) Purposes; rules of construction.(1) K.S.A. 16a-1-101 through 16a-9-102, and amendments thereto, shall beliberally construed and applied to promote its underlyingpurposes and policies.

      (2)   The underlying purposes and policies of thisact are:

      (a)   To simplify, clarify and modernize the law governing retailinstallment sales, consumer credit and consumer loans;

      (b)   to provide rate ceilings to assure an adequate supply of creditto consumers;

      (c)   to further consumer understanding of the terms of credittransactions and to foster competition among suppliers of consumercredit so that consumers may obtain credit at reasonable cost;

      (d)   to protect consumer buyers, lessees, and borrowers againstunfair practices by some suppliers of consumer credit, having due regardfor the interests of legitimate and scrupulous creditors;

      (e)   to permit and encourage the development of fair and economicallysound consumer credit practices; and

      (f)   to make uniform the law, including administrative rules and regulations, amongthe various jurisdictions.

      (3)   A reference to a requirement imposed by K.S.A. 16a-1-101 through16a-9-102, and amendments thereto, includes reference to arelated rule and regulation of the administrator adopted pursuant tothis act.

      History:   L. 1973, ch. 85, § 2; L. 1981, ch. 93, § 2;L. 1988, ch. 85, § 1; July 1.