The Uniform Consumer Credit Code

The Uniform Consumer Credit Code (UCCC) is a set of laws designed to protect consumers in the United States when they use credit. It establishes clear rules for lenders regarding disclosures, interest rates, and fees, ensuring borrowers understand the terms of their loans. The UCCC aims to promote fair lending practices, prevent deceptive behavior, and provide consumers with rights, such as the ability to dispute unjust charges. Overall, it helps create a transparent credit environment, making it easier for people to make informed financial decisions when borrowing money.