13-42-130. Advertising.
114 words·~1 min read·
/ut/title-13/chapter-42/13-42-130A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
13-42-130. Advertising.
(1)If a provider whose agreements contemplate that creditors will reduce finance charges or fees for late payment, default, or delinquency advertises debt-management services, it shall disclose, in an easily comprehensible manner, that using a debt-management plan may make it harder for the individual to obtain credit.
(2)If a provider whose agreements contemplate that creditors will settle for less than the full principal amount of debt that advertises debt-management services, it shall disclose, in an easily comprehensible manner:
(a)the information specified in Subsections 13-42-117(4)(e) and
(f); and
(b)the provider's settlement fee structure, consistent with the limitations of Section 13-42-123 .
Amended by Chapter 152 , 2012 General Session