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2024 Statute
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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. |
History: L. 1999, ch. 107, § 4; L. 2024, ch. 6, § 39; January 1, 2025. |
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2025. Powered by KLISS. Rendered: 2025-07-11T18:51:03. Head Rev No: 1485631(I)