Current through the 2024 Fourth Special Session
Section 13-57-203 - Annual reports(1) On or before April 1 of each year, a maintenance funding provider registered in accordance with Section 13-57-201 shall file a report: (b) with the director; and(c) in a form the director prescribes.(2) The report described in Subsection (1) shall include, for the preceding calendar year:(a) the number of maintenance funding agreements entered into by the maintenance funding provider;(b) the total dollar amount of legal funding the maintenance funding provider provided;(c) the total dollar amount of charges under each maintenance funding agreement, itemized and including the annual rate of return;(d) the total dollar amount and number of maintenance funding transactions in which the realized profit to the company was as contracted in the maintenance funding agreement;(e) the total dollar amount and number of maintenance funding transactions in which the realized profit to the company was less than contracted; and(f) any other information the director requires concerning the maintenance funding provider's business or operations in the state.Added by Chapter 118, 2020 General Session ,§ 6, eff. 5/12/2020.