Massachusetts § 12C - Consumer note; non-negotiability; violations; penalty; construction of section
Full text of Massachusetts Massachusetts General Laws § 12C — Consumer note; non-negotiability; violations; penalty; construction of section, with citation guidance and answers to common questions.
§ 12C. Consumer note; non-negotiability; violations; penalty; construction of section
Section 12C. If any contract for sale of consumer goods on credit entered into in the commonwealth between a retail seller and a retail buyer requires or involves the execution of a promissory note, such note shall have printed on the face thereof the words ''consumer note'', and the holder of such a note cannot be a holder in due course thereof within the meaning of Article 3 of chapter 106. For the purposes of this section ''consumer goods'' means tangible personal property used or bought for use primarily for personal, family or household purposes.
Whoever obtains a note in violation of this section shall be punished by a fine of not less than one hundred nor more than five hundred dollars.
If a note is obtained in violation of this section, no finance, delinquency, collection, repossession or refinancing charges may be recovered in any action or proceeding based on such contract for sale.
The provisions of this section shall not apply to any notes executed in connection with any financing which is insured under Federal Housing Administration regulations.
Frequently Asked Questions About Massachusetts § 12C
What does Massachusetts General Laws § 12C cover?
Section 12C ("Consumer note; non-negotiability; violations; penalty; construction of section") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 12C?
A common citation format is "Massachusetts General Laws § 12C" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 12C apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.