16a-2-104.   (UCCC) Payment credit date.(1) A creditor shall credit a payment to the consumer'saccount on the date of receipt, except when a delay in crediting does notresult in a finance charge or other charge.

      (2)   Notwithstanding subsection (1), if a creditor specifies, in a writingdelivered to the consumer, reasonable requirements for the consumer to followinmaking payments, but accepts a payment that does not conform to thoserequirements, then the creditor shall credit the payment within five days afterreceipt.

      (3)   This section shall be supplemental to and a part of the uniform consumercredit code.

      History:   L. 1999, ch. 107, § 4; July 1.