Section 42a-9-201 - General effectiveness of security agreement(a) Except as otherwise provided in this title, 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 article is subject to any applicable rule of law which establishes a different rule for consumers and sections 36a-555 to 36a-573, inclusive, and sections 36a-770 to 36a-786, inclusive.(c) In case of conflict between this article and a rule of law, statute or regulation described in subsection (b), the rule of law, statute or regulation controls. Failure to comply with a statute or regulation described in subsection (b) has only the effect the statute or regulation specifies.(d) This article does not: (1) Validate any rate, charge, agreement or practice that violates a rule of law, statute or regulation described in subsection (b); or(2) Extend the application of the rule of law, statute or regulation to a transaction not otherwise subject to it.Conn. Gen. Stat. § 42a-9-201
(1959, P.A. 133, S. 9-201; P.A. 01-132, S. 11.)
Cited. 168 Conn. 152; 211 Conn. 613. Former Sec. 42a-9-203(4) cited. 231 C. 707. Cited. 18 CA 265.