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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) On or before April 1 of each year, a maintenance funding provider registered in accordance with Section 13-57-201 shall file a report:
(a) under oath;
(b) with the director; and
(c) in a form the director prescribes.
(2) The report described in Subsection (1) shall include, for the preceding calendar year:
(a) the number of maintenance funding agreements entered into by the maintenance funding provider;
(b) the total dollar amount of legal funding the maintenance funding provider provided;
(c) the total dollar amount of charges under each maintenance funding agreement, itemized and including the annual rate of return;
(d) the total dollar amount and number of maintenance funding transactions in which the realized profit to the company was as contracted in the maintenance funding agreement;
(e) the total dollar amount and number of maintenance funding transactions in which the realized profit to the company was less than contracted; and
(f) any other information the director requires concerning the maintenance funding provider's business or operations in the state.
Cite this article: FindLaw.com - Utah Code Title 13. Commerce and Trade § 13-57-203. Annual reports - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-13-commerce-and-trade/ut-code-sect-13-57-203/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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