(UCCC) Right to prepay

16a-2-509. (UCCC) Right to prepay. The consumer may prepay in full the unpaid balance of a consumer credit transaction at any time without penalty. History: L. 1973, ch. 85, § 37; L. 1993, ch. 200, § 11; January 1, 1994. KANSAS COMMENT, 2010 This section does not apply to a first mortgage loan unless otherwise governed by the U3C. See K.S.A. 16a-1-301(17)(b). Nor does this section give the consumer a right to make a partial prepayment without the consent of the creditor. Law Review and Bar Journal References: Limitation of the effect of various clauses in consumer notes, Barkley Clark, 42 J.B.A.K. 147, 199 (1973). Attorney General's Opinions: Interest and charges; usury. 79-252. Consumer credit transactions; prohibition on prepayment penalties; preemption as to national banks. 83-132. CASE ANNOTATIONS 1. Cited; whether absent specific contractual provision authorizing prepayment debtor has a right to prepay note and mortgage examined. Metropolitan Life Ins. Co. v. Strnad, 255 Kan. 657, 660, 666, 876 P.2d 1362 (1994).