Execution of note in violation of act; disallowance of finance, collection, etc., charges

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17:16C-38.4. Execution of note in violation of act; disallowance of finance, collection, etc., charges

In the event that a note is executed in connection with a retail installment contract in violation of this act, no finance, delinquency, collection, repossession or refinancing charges may be recovered in any action or proceeding based on the contract or the consumer note.

L.1971, c. 399, s. 5.


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