70C-5-104. Restoration of down payment.
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/ut/title-70c/chapter-5/70c-5-104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
70C-5-104. Restoration of down payment.
(1)Within 10 days after a home solicitation sale has been canceled or an offer to purchase revoked the seller shall tender to the buyer any payments made by the buyer and any note or other evidence of indebtedness.
(2)If the down payment includes goods traded in, the goods shall be tendered in substantially as good condition as when received by the seller. If the seller fails to tender the goods as provided by this section, the buyer may recover an amount equal to the trade-in allowance stated in the agreement.
(3)A provision permitting the seller to keep all or any part of any payment, note, or evidence of indebtedness is in violation of this section and unenforceable.
(4)Until the seller has complied with the obligations imposed by this section, the buyer may retain possession of goods delivered to the buyer by the seller and has a lien on the goods in the buyer's possession or control for any recovery to which the buyer is entitled.
Amended by Chapter 302 , 2025 General Session