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(1) This title shall be liberally construed and applied to promote its underlying purposes and policies.
(2) The underlying purposes and policies of this title are:
(a) to further consumer understanding of the terms of credit transactions and to foster competition among suppliers of consumer credit so that consumers may obtain credit at reasonable cost;
(b) to prohibit certain unfair practices; and
(c) to avoid the duplication of laws and regulations pertaining to consumer credit between state and federal authorities and to supplement applicable federal laws and regulations.
Cite this article: FindLaw.com - Utah Code Title 70C. Utah Consumer Credit Code § 70C-1-102. Purposes--Rules of construction - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-70c-utah-consumer-credit-code/ut-code-sect-70c-1-102/
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