2025 Session
Last amended: 2024 session
§ 336.12-103 — Relation to Article 9 and Consumer Laws
Plain-Language Summary
If Article 12 conflicts with Article 9 (Secured Transactions), Article 9 prevails. Consumer protection laws also apply alongside Article 12.
336.12-103 RELATION TO ARTICLE 9 AND CONSUMER LAWS.
(a) Article 9 governs in case of conflict. If there is conflict between this article and article 9, article 9 governs.
(b) Applicable consumer law and other laws. A transaction subject to this article is subject to any applicable rule of law that establishes a different rule for consumers; any other statute or regulation that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit; and any consumer-protection statute or regulation.
History:
History: History:
2024 c 93 art 10 s 3
Practical Notes
When Article 12 rules conflict with secured transaction rules, the secured transaction rules win. Consumer protections also still apply.