Title 70C Chapter 2 Section 204
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Utah Consumer Credit Code | |
Finance Charges and Related Provisions | |
Section 204 | Certain negotiable instruments prohibited. |
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70C-2-204. Certain negotiable instruments
prohibited.
With respect to a consumer credit sale not involving real property, the seller may not take a negotiable instrument under Section 70A-3-104 other than a check as evidence of the obligation of the buyer. A holder is not in good faith under Subsection 70A-1a-201(2)(t) if he takes a negotiable instrument with notice that it is issued in violation of this section. A holder in due course under Section 70A-3-302 is not subject to the liabilities set forth in the provisions on the effect of violations on rights of parties under Section 70C-7-201. Amended by Chapter 272, 2007 General Session | |
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