§ 1.109

§1-109. Transactions subject to Act by agreement The parties to a sale, lease or loan, or modification thereof, which is not a consumer credit transaction, may agree in a writing signed by the parties that the transaction is subject to the provisions of this Act applying to consumer credit transactions. If the parties so agree, the transaction is a consumer credit transaction for the purposes of this Act. [PL 1973, c. 762, §1 (NEW).]SECTION HISTORY PL 1973, c. 762, §1 (NEW).