Utah Code § 70C-3-104

Current with legislation effective through 5/2/2024

Section 70C-3-104 - Class actions

(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.

Utah Code § 70C-3-104

Enacted by Chapter 172, 2006 General Session .