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Boston College Industrial and Commercial Law Review



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Uniform Consumer Credit Code, debtor, creditor, consumer-credit transaction


The draftsmen of the Uniform Consumer Credit Code (herein- after the Credit Code) have thus far directed most of their time and effort to establishing a permissive pattern within which creditors give and debtors receive credit. Spokesmen for both sides, as well as distinguished neutral parties, have carefully described the terms under which credit may be granted, the rates that may be charged, and many other elements of the credit transaction. These statutory requirements will significantly influence the size and scope of the debtor community and will undoubtedly set the future pattern for consumer-credit transactions. Thus, these permissive, or authorizing, guidelines of the Credit Code are clearly its most important aspects. The object of this article is hardly to cover the entire field of creditor and debtor remedies. Instead, discussion is restricted to those civil remedies that apparently were considered most important by the draftsmen of the first tentative drafts of the Credit Code. Even here considerable selection has been necessary; the author's personal interests have been the major guide.