General Validity of Security Agreement

13 GCA § 9201, under Secured Transactions; Sales of Accounts and Chattel Paper.

13 GCA § 9201

Except as otherwise provided by this code a security agreement is effective according to its terms between the parties, against purchasers of the collateral and against creditors. Nothing in this division validates any

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charge or practice illegal under any statute or regulation thereunder gov- erning usury, small loans, retail installment sales, or the like or extends the application of any such statute or regulation to any transaction not otherwise subject thereto.