Utah Statutes
§ 61-2d-107 — Prohibition on single premium credit life insurance.
A borrower credit transaction involving a high-cost mortgage may not include:
(1)the offer or sale of any insurance policy, on a single premium or single fee basis, that insures, guarantees, or indemnifies the repayment of the outstanding balance of the loan against:
(1)(a) death;
(1)(b) illness;
(1)(c) accident;
(1)(d) disability; or
(1)(e) unemployment of the borrower; or
(2)debt cancellation or a debt suspension agreement.
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Utah § 61-2d-107 (Prohibition on single premium credit life insurance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 252, 2004 General Session
Nearby Sections
15
§ 61-1-1
Fraud unlawful.§ 61-1-10
Registration by qualification.§ 61-1-101
Title.§ 61-1-102
Definitions.§ 61-1-103
Procedure for disclosure.§ 61-1-105
Remedies for employee bringing action.§ 61-1-106
Award for reporter.§ 61-1-13
Definitions.§ 61-1-14
Exemptions.