Kansas § 16a-5-109 (UCCC) Default

Kansas Statutes

§ 16a-5-109 — (UCCC) Default

Kansas·Ch. 16a CONSUMER CREDIT CODE·Art. 5 REMEDIES AND PENALTIES

An agreement of the parties to a consumer credit transaction with respect to default on the part of the consumer is enforceable only to the extent that:

(1)The consumer fails to make a payment as required by agreement; or

(2)the prospect of payment, performance, or realization of collateral is significantly impaired; the burden of establishing the prospect of significant impairment is on the creditor.

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An agreement of the parties to a consumer credit transaction with respect to default on the part of the consumer is enforceable only to the extent that:
(1) The consumer fails to make a payment as required by agreement; or
(2) the prospect of payment, performance, or realization of collateral is significantly impaired; the burden of establishing the prospect of significant impairment is on the creditor.

Kansas § 16a-5-109 ((UCCC) Default) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.