GroundRules
14 GCA § 2604: Limitation on Default Charges.
Where this section sits in the code
- Title 14: Uniform Consumer Credit Code
- Chapter 2: Credit Sales
- ARTICLE 6: SALES OTHER THAN CONSUMER CREDIT SALES
The agreement with respect to a sale for which credit service charge ceilings are set by § 2602 (certain sales to individuals) may not provide for any charges as a result of default by the buyer except for reasonable attorneys' fees and reasonable expenses incurred in realizing on a security interest, and charges that could have been made had the sale been a consumer credit sale. An agreement in violation of this Section is void.
Collected 2026-09-27T03:29:28Z. Source file · JSON