16a-3-309

Chapter 16a.--CONSUMER CREDIT CODE

Part 3 LIMITATIONS ON AGREEMENTS AND PRACTICES
Article 3.--REGULATION OF AGREEMENTS AND PRACTICES

     
16a-3-309.   (UCCC) Referral sales.
With respect to a consumer credit sale or consumer lease the seller or
lessor may not give or offer to give a rebate or discount or otherwise pay
or offer to pay value to the buyer or lessee as an inducement for a sale or
lease in consideration of his giving to the seller or lessor the names of
prospective purchasers or lessees, or otherwise aiding the seller or lessor
in making a sale or lease to another person, if the earning of the rebate,
discount or other value is contingent upon the occurrence of an event
subsequent to the time the buyer or lessee agrees to buy or lease. If a
buyer or lessee is induced by a violation of this section to enter into a
consumer credit sale or consumer lease, the agreement is unenforceable by
the seller or lessor and the buyer or lessee, at his option, may rescind
the agreement or retain the goods delivered and the benefit of any services
performed, without any obligation to pay for them.

     
History:   L. 1974, ch. 85, § 55; Jan. 1, 1974.