Section 537.3402. Limitation on default charges.  


Latest version.
  •   Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit transaction other than a consumer lease may not provide for any charges as a result of default by the consumer other than those authorized by this chapter. A provision in violation of this section is unenforceable.

    [C75, 77, 79, 81, §537.3402]