6-2-106. Notification to creditors.
191 words·~1 min read·
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Effective 5/6/2026
6-2-106. Notification to creditors.
(1)Unless a creditor waives in a signed record the right to notification, an assignee shall send a notification of the assignment to each creditor known to the assignee within a reasonable time not to exceed 30 days after the effective date of the assignment agreement.
(2)The notification must:
(a)be in a record signed by the assignee;
(b)include the assignee's name, address, and other contact information reasonably necessary to communicate with the assignee;
(c)provide reasonable instructions for submitting a proof of claim using the method established by the assignee under Subsection 6-2-108(b)(e) ; and
(d)identify the date established under Subsection 6-2-108(b)(f) by which each creditor whose claim is not otherwise allowed without a timely proof of claim under this chapter must submit a proof of claim.
(3)An assignee shall use reasonable means to provide the information in Subsection
(2)to unknown creditors, including by any means the assignor regularly used to:
(a)provide information to the assignor's creditors; or
(b)communicate information about the assignor, other than advertising, to the public.
Enacted by Chapter 314 , 2026 General Session