70C-6-103. Creditor's provision of and charge for insurance -- Excess amount of charge.
(1) Except as otherwise provided in this chapter, a creditor may agree to provide insurance. If insurance is not required, a charge for such insurance shall be separate from and in addition to other charges. A creditor shall separately disclose any charge for insurance required and provided by it. This title does not authorize the issuance of any insurance prohibited under any statute, rule, or regulation.
(2) A charge for insurance which exceeds the maximum authorized by Sectionis an excess charge for the purposes of, on remedies and penalties, as to effect of violations on rights of parties under Section, and of, on administration. 70C-6-105 Chapter 7, Remedies and Penalties 70C-7-201 Chapter 8, Administration