16a-3-401

Chapter 16a.--CONSUMER CREDIT CODE

Part 4 LIMITATIONS ON CONSUMER'S LIABILITY
Article 3.--REGULATION OF AGREEMENTS AND PRACTICES

     
16a-3-401.   (UCCC) Restriction on liability in consumer lease.
The obligation of a lessee upon expiration of a consumer lease may not exceed twice the
average payment allocable to a monthly period under the lease. This
limitation does not apply to charges for damages to the leased property
or for other default.

     
History:   L. 1973, ch. 85, § 56; L. 1981, ch. 93, § 11; July 1.