Kansas § 16a-2-104 (UCCC) Payment credit date

Kansas Statutes

§ 16a-2-104 — (UCCC) Payment credit date

Kansas·Ch. 16a CONSUMER CREDIT CODE·Art. 2 FINANCE CHARGES AND RELATED PROVISIONS

(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.

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(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.

Kansas § 16a-2-104 ((UCCC) Payment credit date) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.