Connecticut § 36a-786 (Formerly Sec. 42-99). Recovery of charges barred by wilful violations.

Connecticut Statutes

§ 36a-786 — (Formerly Sec. 42-99). Recovery of charges barred by wilful violations.

Connecticut·Title 36a The Banking Law of Connecticut·Ch. 669 Regulated Activities

A wilful violation of any provision of sections 36a-770 to 36a-788, inclusive, 42-100b and 42-100c, except a violation with respect to disclosure which is subject to the provisions of section 36a-683, by any person, firm, association or corporation shall bar recovery of any finance, delinquency or collection charge by the owner or holder of the retail installment contract or any interest, delinquency or collection charge by the owner or holder of an installment loan contract involved, provided such owner or holder approved of or had knowledge of such violation and after such approval or knowledge retained the benefits, proceeds, profits or advantages accruing from such violation or otherwise ratified such violation. See Sec. 42a-9-203 re attachment and enforceability of security interests.

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A wilful violation of any provision of sections 36a-770 to 36a-788, inclusive, 42-100b and 42-100c, except a violation with respect to disclosure which is subject to the provisions of section 36a-683, by any person, firm, association or corporation shall bar recovery of any finance, delinquency or collection charge by the owner or holder of the retail installment contract or any interest, delinquency or collection charge by the owner or holder of an installment loan contract involved, provided such owner or holder approved of or had knowledge of such violation and after such approval or knowledge retained the benefits, proceeds, profits or advantages accruing from such violation or otherwise ratified such violation. See Sec. 42a-9-203 re attachment and enforceability of security interests.

Connecticut § 36a-786 ((Formerly Sec. 42-99). Recovery of charges barred by wilful violations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(1949 Rev., S. 6703; 1969, P.A. 454, S. 32.) History: 1969 act added exception re violations with respect to disclosures; Sec. 42-99 transferred to Sec. 36a-786 in 1995. Annotations to former section 42-99: This section and Sec. 42-100 are not exclusive of other remedies. 155 C. 469. Cited. 3 CA 201; 7 CA 613.