§ 42-155 — Limitations on liability.

(a) Contracts with more than one party. In any individual transaction, if there is more than one consumer who is a party to a single consumer contract, only one award of statutory damages may be made for that transaction. (b) Good faith. No statutory damages or attorney's fee shall be awarded under this chapter for a violation of subsection (b) of section 42-152 if the creditor, seller or lessor has attempted in good faith to comply with that subsection. (c) Class actions. No class action may be brought under this chapter. (d) Contracts prepared by the consumer. No consumer may bring an action under this chapter on a contract which the consumer prepared. (e) Consumer represented by attorney at signing of contract. No consumer may bring an action under this chapter on a contract, if: (1) The consumer was represented at the signing of the contract by an attorney; and (2) This fact is shown by the attorney's signed and dated statement on the contract. (f) Limitations on actions. No consumer may bring an action under this chapter after the contract has been fully performed. No consumer may bring an action under this chapter more than six years after the date on which the contract was last signed.

Legislative History

(P.A. 79-532, S. 5.)