State Codes and Statutes

Statutes > Kansas > Chapter16a > Article2 > Statutes_6844

16a-2-104

Chapter 16a.--CONSUMER CREDIT CODE Part 1 GENERAL PROVISIONS Article 2.--FINANCE CHARGES AND RELATED PROVISIONS

16a-2-104. (UCCC) Payment credit date. (1) A creditor shall credit a payment to the consumer's account on the date of receipt, except when a delay in crediting does not result in a finance charge or other charge.

(2) Notwithstanding subsection (1), if a creditor specifies, in a writing delivered to the consumer, reasonable requirements for the consumer to follow in making payments, but accepts a payment that does not conform to those requirements, then the creditor shall credit the payment within five days after receipt.

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

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

State Codes and Statutes

Statutes > Kansas > Chapter16a > Article2 > Statutes_6844

16a-2-104

Chapter 16a.--CONSUMER CREDIT CODE Part 1 GENERAL PROVISIONS Article 2.--FINANCE CHARGES AND RELATED PROVISIONS

16a-2-104. (UCCC) Payment credit date. (1) A creditor shall credit a payment to the consumer's account on the date of receipt, except when a delay in crediting does not result in a finance charge or other charge.

(2) Notwithstanding subsection (1), if a creditor specifies, in a writing delivered to the consumer, reasonable requirements for the consumer to follow in making payments, but accepts a payment that does not conform to those requirements, then the creditor shall credit the payment within five days after receipt.

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

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

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Kansas > Chapter16a > Article2 > Statutes_6844

16a-2-104

Chapter 16a.--CONSUMER CREDIT CODE Part 1 GENERAL PROVISIONS Article 2.--FINANCE CHARGES AND RELATED PROVISIONS

16a-2-104. (UCCC) Payment credit date. (1) A creditor shall credit a payment to the consumer's account on the date of receipt, except when a delay in crediting does not result in a finance charge or other charge.

(2) Notwithstanding subsection (1), if a creditor specifies, in a writing delivered to the consumer, reasonable requirements for the consumer to follow in making payments, but accepts a payment that does not conform to those requirements, then the creditor shall credit the payment within five days after receipt.

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

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