Code · Utah · Title 70C — Utah Consumer Credit Code · Chapter 3

70C-3-104. Class actions.

103 words·~1 min read·/ut/title-70c/chapter-3/70c-3-104

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.

Enacted by Chapter 172 , 2006 General Session