Uniform Consumer Credit Code - UCCC

AAA

DEFINITION of 'Uniform Consumer Credit Code - UCCC'

A code of conduct that governs consumer credit transactions. The Uniform Consumer Credit Code (UCCC) provides guidelines for the purchase and use of all types of credit products. It is intended to protect consumers who use various types of credit from fraud and misinformation.

INVESTOPEDIA EXPLAINS 'Uniform Consumer Credit Code - UCCC'

The National Conference of Commissioners on Uniform State Laws originally approved the UCCC in 1968. The Code has been adopted in a limited number states, and many others have incorporated at least some of its provisions into their own laws. One of its key provisions is the limitation of rates charged to consumers by lenders.

RELATED TERMS
  1. Baycorp Advantage (Veda Advantage)

    A credit bureau located in Austrailia and New Zealand. This company ...
  2. Consumer Credit Protection Act ...

    Federal legislation that created disclosure requirements that ...
  3. Cash Card

    A cash card can be any card that you can insert into an ATM or ...
  4. Truth In Lending Act - TILA

    A federal law enacted in 1968 with the intention of protecting ...
  5. Consumer Debt

    Debts that are owed as a result of purchasing goods that are ...
  6. Consumer Credit

    A debt that someone incurs for the purpose of purchasing a good ...
Related Articles
  1. Credit & Loans

    What's On A Consumer Credit Report?

    A look at the various components and considerations that go into one's credit report and credit score.
  2. Credit & Loans

    The History Of Consumer Credit Rights

    The Fair Credit Billing Act of 1974 gave consumers the power to dispute credit card charges.
  3. Credit & Loans

    Best Credit Cards For 2015

    The best credit card for you depends on your financial goals. Our choices for the best cards in 4 different categories.
  4. Insurance

    Avoid The No-Health-Insurance Penalty By Feb 15

    If you don't have health insurance, act NOW or you could owe penalties on your 2015 taxes, in addition to this year's.
  5. Credit & Loans

    How Bad Is My Credit Score?

    You've seen the number, but what does it mean? Here's how to assess your credit score and get to a better place if needed.
  6. Credit & Loans

    Credit Card Review: The Target REDCard

    Target's credit cards provide direct discounts, charge no fees, and give a surprising education bonus to local schools. But there's a high APR.
  7. Budgeting

    Are You Spending Too Much?

    Post-holiday credit card bills are just one signal that it's time to cut back on spending. Here are others.
  8. Personal Finance

    Understanding Credit

    Credit has three common meanings in the financial world.
  9. Savings

    How Foreign Transaction Fees Work

    Using a credit card when you travel can be costly. Here's what you need to know about foreign transaction fees – plus tips on making purchases abroad.
  10. Credit & Loans

    Buying A House? Avoid These 7 Mistakes

    Owning your own home gives you a feeling of independence that renting can’t offer, and there are big financial benefits, too.

You May Also Like

Hot Definitions
  1. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  2. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  3. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  4. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  5. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
  6. Bank Guarantee

    A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor ...
Trading Center