Utah Statutes

§ 13-42-120 — Termination of agreement.

Utah·Title 13 Commerce and Trade·Ch. 13-42 Uniform Debt-Management Services Act
(1)An individual who is a party to an agreement may terminate the agreement at any time, without penalty or obligation, by giving the provider notice in a record.
(2)A provider may terminate an agreement if an individual who is a party to the agreement fails for 60 days to make a payment or deposit required by the agreement or if other good cause exists.
(3)If an agreement is terminated:
(3)(a) the provider, no later than seven business days after the termination, shall pay the individual who is a party to the agreement all money the provider or its designee received from or on behalf of the individual, other than:
(3)(a)(i) an amount properly disbursed to a creditor; and
(3)(a)(ii) fees earned pursuant to Section 13-42-123; and
(3)(b) any power of attorney granted by the individual to

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Utah § 13-42-120 (Termination of agreement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Repealed and Re-enacted by Chapter 152, 2012 General Session

Nearby Sections

15
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