§ 9-201. 9-201
200 words·~1 min read·
/us/ucc/a9/s9-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)[General effectiveness.] Except as otherwise provided in [the Uniform Commercial Code], a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.
(b)[Applicable consumer laws and other law.] A transaction subject to this article is subject to any applicable rule of law which establishes a different rule for consumers and [insert reference to
(i)any other statute or regulation that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit and
(ii)any consumer-protection statute or regulation].
(c)[Other applicable law controls.] In case of conflict between this article and a rule of law, statute, or regulation described in subsection (b), the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in subsection
(b)has only the effect the statute or regulation specifies.
(d)[Further deference to other applicable law.] This article does not:
(1)validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in subsection (b); or
(2)extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.