§3-307. Certain negotiable instruments prohibited
With respect to a consumer credit sale or consumer lease, the creditor may not take a negotiable instrument, other than a currently dated check or a draft payable within 7 days of such sale or lease. [PL 1981, c. 243, §18 (AMD).]
SECTION HISTORY
PL 1973, c. 762, §1 (NEW). PL 1981, c. 243, §§18,26 (AMD). PL 1981, c. 551, §3 (AMD).
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