70C-4-104. Redundant delinquency charges prohibited.
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70C-4-104. Redundant delinquency charges prohibited.
With respect to an open-end account, no delinquency charge may be assessed on a payment that is otherwise a payment in full for the applicable period solely because of an unpaid delinquency charge relating to an earlier installment.
Enacted by Chapter 133 , 1991 General Session