Utah § 13-42-127 Periodic reports and retention of records.

Utah Statutes

§ 13-42-127 — Periodic reports and retention of records.

Utah § 13-42-127

Title 13Commerce and Trade

Ch. 13-42Uniform Debt-Management Services Act

This text of Utah § 13-42-127 (Periodic reports and retention of records.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 13-42-127 (2026).

Text

(1)A provider shall provide the accounting required by Subsection (2):

(1)(a) on cancellation or termination of an agreement; and

(1)(b) before cancellation or termination of any agreement:

(1)(b)(i) at least once each month; and

(1)(b)(ii) no later than five business days after a request by an individual, but the provider need not comply with more than one request in any calendar month.

(2)A provider, in a record, shall provide each individual for whom it has established a plan an accounting of the following information:

(2)(a) the amount in an account containing money paid by or on behalf of the individual for fees or distribution to a creditor, or both, as of the date one month before the date of the accounting;

(2)(b) the amount paid into the account since the last report;

(2)(c) t

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(1) A provider shall provide the accounting required by Subsection (2):

(1)(a) on cancellation or termination of an agreement; and
(1)(b) before cancellation or termination of any agreement:
(1)(b)(i) at least once each month; and
(1)(b)(ii) no later than five business days after a request by an individual, but the provider need not comply with more than one request in any calendar month.
(2) A provider, in a record, shall provide each individual for whom it has established a plan an accounting of the following information:

(2)(a) the amount in an account containing money paid by or on behalf of the individual for fees or distribution to a creditor, or both, as of the date one month before the date of the accounting;
(2)(b) the amount paid into the account since the last report;
(2)(c) the amounts and dates of disbursement made on the individual's behalf, or by the individual on the direction of the provider, since the last report to each creditor listed in the plan;
(2)(d) the amounts deducted, as fees or otherwise, from the amount paid into the account since the last report;
(2)(e) if, since the last report, a creditor has agreed to accept as payment in full an amount less than the principal amount of the debt owed by the individual:
(2)(e)(i) the total amount and terms of the settlement;
(2)(e)(ii) the amount of the debt when the individual assented to the plan;
(2)(e)(iii) the amount of the debt when the creditor agreed to the settlement; and
(2)(e)(iv) the calculation of a settlement fee; and
(2)(f) the amount in the account as of the date of the accounting.
(3) If an agreement contemplates that a creditor will settle a debt for less than the principal amount of the debt and the provider delegates performance of its duties under this section to another person, the provider may provide the information required by Subsection (2)(e) in a record separate from the record containing the other information required by Subsection (2).