16a-3-307

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

      16a-3-307.   (UCCC) Certain negotiable instruments prohibited.With respect to a consumer credit sale or consumer lease, the creditor maynot take a negotiable instrument other than a currently dated check asevidence of the obligation of the buyer or lessee.

      History:   L. 1973, ch. 85, § 53; L. 1981, ch. 93, § 9; July 1.