The Uniform Consumer Credit Code (UCCC) is a code of conduct that works to protect consumers from fraud and misinformation in consumer credit transactions. Developed by the Uniform Law Commission, the UCCC is embraced by nine states, while other states have incorporated it partially or fully in state law.

The UCCC provides guidelines for consumer credit, including the maximum interest rates lenders may charge and other necessary protections against usury. The code also defines what a fair and responsible consumer credit contract should look like. This includes the terms and conditions of the contract, such as the disclosure of the annual percentage rate and additional charges that may apply. The UCCC also requires that borrowers are notified of the right to cancel a contract in certain circumstances, such as when there has been a repayment change.

The UCCC ensures consumers are given the appropriate protection for their interests. It prohibits lenders from pressuring consumers into signing contracts with hidden or unfair rules and helps to ensure consumers are not exposed to excessive levels of interest or other loan fees. It also helps protect consumers from discriminatory or unfounded credit transactions.

The UCCC is beneficial for both lenders and borrowers. It ensures that lenders can provide services with the assurance that their clients know the expectations of their credit contract. Conversely, it helps borrowers understand their contractual rights and responsibilities and enables them to confidently enter into credit transactions.

By adhering to the UCCC, lenders and borrowers can have a safe, transparent, and appropriate experience when entering into credit agreements. The code's purpose is to provide reliable standards of practice to protect the best interests of both parties involved in a consumer credit transaction and to clarify the law surrounding such agreements. With the UCCC in effect, lenders and borrowers can have more peace of mind when transacting with each other.