Section 45.29.201 - General effectiveness of security agreement(a) Except as otherwise provided in the code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.(b) A transaction subject to this chapter is subject to (1) an applicable rule of law that establishes a different rule for consumers;(2) another statute or regulation that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit; and(3) consumer protection statutes or regulations.(c) In case of conflict between this chapter and a rule of law, statute, or regulation described in (b) of this section, the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in (b) of this section has only the effect the statute or regulation specifies.(d) This chapter does not (1) validate a rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in (b) of this section; or(2) extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.