Utah Admin. Code 156-9-616

Current through Bulletin 2024-20, October 15, 2024
Section R156-9-616 - Maximum Revocation Fee

If a buyer revokes or defaults under a guaranteed preneed funeral arrangement contract, the funeral service establishment may retain a revocation fee from the trust corpus, not to exceed 25% of the amount received from the sale of the contract and trust earnings thereupon, provided the revocation fee is clearly identified in the contract.

Utah Admin. Code R156-9-616

Amended by Utah State Bulletin Number 2019-24, effective 11/21/2019