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Utah Code Title 70C. Utah Consumer Credit Code § 70C-3-104. Class actions

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) In accordance with this section, a creditor may contract with the debtor of a closed-end consumer contract for a waiver by the debtor of the right to initiate or participate in a class action related to the closed-end consumer contract.

(2) To contract for the waiver described in Subsection (1), the creditor shall disclose the waiver:

(a) to the debtor;

(b) in the closed-end consumer contract; and

(c) for a closed-end consumer contract entered into on or after August 1, 2006, in:

(i) bold type; or

(ii) all capital letters.

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Cite this article: FindLaw.com - Utah Code Title 70C. Utah Consumer Credit Code § 70C-3-104. Class actions - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-70c-utah-consumer-credit-code/ut-code-sect-70c-3-104/

Read this complete Utah Code Title 70C. Utah Consumer Credit Code § 70C-3-104. Class actions on Westlaw. Westlaw subscription required.

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