Limitation on default charges.

Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit transaction other than a consumer lease may not provide for any charges as a result of default by the consumer other than those authorized by this chapter . A provision in violation of this section is unenforceable. [C75, 77, 79, 81, §537.3402 ] Referred to in §322.20 , 537.5201