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Current as of January 01, 2023 | Updated by FindLaw Staff
(1) A creditor shall credit a payment to the consumer's account on the date of receipt, except when a delay in crediting does not result in a finance charge or other charge.
(2) Notwithstanding subsection (1), if a creditor specifies, in a writing delivered to the consumer, reasonable requirements for the consumer to follow in making payments, but accepts a payment that does not conform to those requirements, then the creditor shall credit the payment within five days after receipt.
(3) This section shall be supplemental to and a part of the uniform consumer credit code.
Cite this article: FindLaw.com - Kansas Statutes Chapter 16A. Consumer Credit Code § 16a-2-104. (UCCC) Payment credit date - last updated January 01, 2023 | https://codes.findlaw.com/ks/chapter-16a-consumer-credit-code/ks-st-sect-16a-2-104/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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