Except as otherwise provided in Subtitle I of Title 28 , a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors. A transaction subject to this article is subject to any applicable rule of law which establishes a different rule for consumers and §§ 28-3301 to 28-3314 . 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. This article does not: Validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in subsection (b); or Extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.
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