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

    Why Your Credit Report Errors Will Now Be Easier To Fix

    Equifax, Experian and TransUnion have reached an agreement to make changes to how they handle credit report errors and unpaid medical bills.
  4. Savings

    Why Do Credit Cards Expire?

    Credit cards expire for more reasons than you could imagine – including, so you don't forget you have the card.
  5. Credit & Loans

    Meet The Company Behind Your FICO Score

    There are other credit scores that evaluate lending risk, but FICO is still the choice of most U.S. lenders.
  6. Stock Analysis

    How MasterCard Likely Earned a Spot in Your Wallet

    An in depth look at MasterCard and its future prospects as an investment.
  7. Credit & Loans

    6 Ways To Build Credit Without A Credit Card

    It's definitely possible – if a bit more complicated – to build a credit history without traditional credit cards. Just follow these steps.
  8. Investing

    Crowdfunding: Wide Opening For Tech Investors

    Crowdfunding has dramatically changed investing and opened the door for the public to get in on all types of exciting startups, including tech firms.
  9. Credit & Loans

    Terrible Credit Score? Try These Credit Cards

    When your credit is less than stellar you have fewer choices. But some are still better than others. Here's our read on which cards to get.
  10. Credit & Loans

    Barclaycard Arrival Plus World Elite Master Card

    Should you pay the annual fee (waived the first year) for this rewards travel card? See how it compares.

You May Also Like

Hot Definitions
  1. Fiat Money

    Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat ...
  2. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  3. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  4. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  5. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  6. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
Trading Center