Section 4-106 - Unconscionability1. In applying the provisions of this Act on unconscionability, sections 5-108 and 6-111, to a separate charge for insurance, consideration shall be given, among other factors, to: A. Potential benefits to the consumer including the satisfaction of his obligations; [1973, c. 762, §1 (NEW).]B. The creditor's need for the protection provided by the insurance; and [1973, c. 762, §1 (NEW).]C. The relation between the amount and terms of credit granted and the insurance benefits provided. [1973, c. 762, §1 (NEW).] [1973, c. 762, §1 (NEW).]
2. If consumer credit insurance otherwise complies with Parts 1, 2 and 3 of this Article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in and of itself unconscionable in the absence of other practices and circumstances. [1997, c. 315, §3 (AMD).]
1973, c. 762, § 1 (NEW) . 1997, c. 315, § 3 (AMD) .