Kan. Stat. § 16a-5-109

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4

Section 16a-5-109 - (UCCC) Default

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.

K.S.A. 16a-5-109

L. 1973, ch. 85, § 85; 1/1/1974.