Utah § 13-64-101 Definitions.

Utah Statutes

§ 13-64-101 — Definitions.

Utah § 13-64-101

Title 13Commerce and Trade

Ch. 13-64Vehicle Value Protection Agreement Act

Part 13-64-1General Provisions

This text of Utah § 13-64-101 (Definitions.) 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. § 13-64-101 (2026).

Text

As used in this chapter:

(1)"Administrative functions" means the same as that term is defined in Section 31A-6b-102.

(2)"Agreement administrator" means a person who provides administrative functions related to a vehicle value protection agreement.

(3)"Covered vehicle" means a vehicle that is covered under a vehicle value protection agreement.

(4)"Division" means the Division of Consumer Protection established in Section 13-2-1.

(5)"Finance agreement" means the same as that term is defined in Section 31A-6b-102.

(6)"Insurer" means the same as that term is defined in Section 31A-1-301.

(7)"Preliminary period" means a time period that:

(7)(a) begins the day on which the vehicle value protection agreement becomes effective; and

(7)(b) ends the last day on which the purchaser may cancel

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As used in this chapter:
(1) "Administrative functions" means the same as that term is defined in Section 31A-6b-102.
(2) "Agreement administrator" means a person who provides administrative functions related to a vehicle value protection agreement.
(3) "Covered vehicle" means a vehicle that is covered under a vehicle value protection agreement.
(4) "Division" means the Division of Consumer Protection established in Section 13-2-1.
(5) "Finance agreement" means the same as that term is defined in Section 31A-6b-102.
(6) "Insurer" means the same as that term is defined in Section 31A-1-301.
(7) "Preliminary period" means a time period that:

(7)(a) begins the day on which the vehicle value protection agreement becomes effective; and
(7)(b) ends the last day on which the purchaser may cancel the vehicle value protection agreement with a full refund.
(8) "Provider" means a person who is obligated to provide a benefit to another person under a vehicle value protection agreement.
(9) "Purchaser" means a person who purchases a benefit from another person under a vehicle value protection agreement.
(10) "Security" means the same as that term is defined in Section 31A-1-301.
(11) "Vehicle" means the same as that term is defined in Section 31A-6b-102.
(12) (12)(a) "Vehicle value protection agreement" means an agreement for a separate charge between a provider and purchaser under which the provider agrees to, upon damage, total loss, or unrecovered theft of the purchaser's covered vehicle, provide a benefit to the purchaser that may be applied to:
(12)(a)(i) the cash value of the covered vehicle when traded in for a replacement vehicle;
(12)(a)(ii) the finance agreement for a replacement vehicle; or
(12)(a)(iii) the purchase or lease price of a replacement vehicle.
(12)(b) "Vehicle value protection agreement" includes:
(12)(b)(i) a vehicle trade-in agreement;
(12)(b)(ii) a vehicle diminished value agreement;
(12)(b)(iii) a vehicle cash down payment protection agreement; and
(12)(b)(iv) a vehicle depreciation benefit agreement.
(12)(c) "Vehicle value protection agreement" does not include:
(12)(c)(i) insurance or an insurance contract regulated under Title 31A, Insurance Code;
(12)(c)(ii) a guaranteed asset protection waiver, as defined in Section 31A-6b-102;
(12)(c)(iii) a debt cancellation agreement, as defined in Section 31A-21-109; or
(12)(c)(iv) a debt suspension contract, as defined in Section 31A-21-109.