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(a) A creditor, seller, insurer or lessor may request an opinion from a primary regulator as to whether a consumer contract complies with this chapter. A reasonable fee may be charged by the primary regulator for processing the request. The Chairman of the Banking Board may render an opinion to any banking institution which has a federal charter.\n(b) A creditor, seller or lessor who does not have a primary regulator may request an opinion from the Attorney General.\n(c) The primary regulator shall furnish the opinion within a reasonable period of time not to exceed 30 days. A refusal to approve shall be in writing and shall state the reasons for the refusal. The failure of a creditor, seller, insurer or lessor to apply for an opinion under this section shall not be used as evidence in an action brought for a violation of this chapter.