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Virtual-Currency Businesses Act, Supplemental Commercial Law for the Uniform Regulation of

The Uniform Supplemental Commercial Law for the Uniform Regulation of Virtual-Currency Businesses Act (the “Supplemental Act”) is a follow-up to the Uniform Regulation of Virtual-Currency Businesses Act (URVCBA). This Supplemental Act provides the commercial law rules using the time-tested...

Law on Notarial Acts, Revised

The Revised Uniform Law on Notarial Acts (RULONA) governs actions by a notary public, including taking an acknowledgment, administering an oath or affirmation, witnessing or attesting a signature, and certifying a copy of a document. RULONA allows electronic notarization using technologies...

Criminal Records Accuracy Act

The Uniform Criminal Records Accuracy Act (UCRAA) is designed to improve the accuracy of criminal history records, commonly called a rap sheet, that are frequently used in determining the eligibility of a person for employment, housing, credit, and licensing, in addition to law enforcement...

Negotiated Alternative to Foreclosure Act

The Model Negotiated Alternative to Foreclosure Act (MNAFA) allows a mortgage lender and borrower to voluntarily negotiate a workout agreement instead of using the foreclosure process. An agreement that meets the statutory requirements is legally enforceable and has the effect of discharging...

Virtual-Currency Businesses Act, Regulation of

The Uniform Regulation of Virtual-Currency Businesses Act (URVCBA) provides a statutory framework for the regulation of companies engaging in “virtual-currency business activity,” such as exchanging, transferring, or storing virtual currency; holding electronic precious metals or certificates of...

Employee and Student Online Privacy Protection Act

The Uniform Employee and Student Online Privacy Protection Act (UESOPPA) addresses both employers’ access to employees’ social media and other online accounts as well as post-secondary educational institutions’ access to students’ similar online accounts. For more information about enacting...

Unclaimed Property Act, Revised

The Revised Uniform Unclaimed Property Act (RUUPA) is the latest revision to the Uniform Unclaimed Property Act, first promulgated in 1954 and last updated in 1995. The act requires holders of unclaimed property to turn it over to the state unclaimed property administrator after a suitable...

Consumer Credit Code

The Model Consumer Credit Code (MCCC) is a balanced consumer protection law, providing comprehensive regulation of consumer credit. It applies to consumer credit transactions, and excludes business credit transactions.

Condominium Act

The Uniform Condominium Act (UCA) contains comprehensive provisions for the creation, management, and termination of condominium associations, including point-of-sale consumer protection. For further information about adopting the UCA please contact ULC Chief Counsel Benjamin Orzeske at (312)...

Fraudulent Transfer Act

The Uniform Fraudulent Transfer Act provides a creditor with the means to reach assets a debtor has transferred to another person to keep them from being used to satisfy a debt. In 2014, the Act was amended to address a small number of narrowly-defined issues. These amendments included a title...