Utah § 70C-3-104 Class actions.

Utah Statutes

§ 70C-3-104 — Class actions.

Utah·Title 70C Utah Consumer Credit Code·Ch. 70C-3 Closed-End Consumer Credit Debt

(1)In accordance with this section, a creditor may contract with the debtor of a closed-end consumer contract for a waiver by the debtor of the right to initiate or participate in a class action related to the closed-end consumer contract.

(2)To contract for the waiver described in Subsection (1), the creditor shall disclose the waiver:

(2)(a) to the debtor;

(2)(b) in the closed-end consumer contract; and

(2)(c) for a closed-end consumer contract entered into on or after August 1, 2006, in:

(2)(c)(i) bold type; or

(2)(c)(ii) all capital letters.

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(1) In accordance with this section, a creditor may contract with the debtor of a closed-end consumer contract for a waiver by the debtor of the right to initiate or participate in a class action related to the closed-end consumer contract.
(2) To contract for the waiver described in Subsection (1), the creditor shall disclose the waiver:

(2)(a) to the debtor;
(2)(b) in the closed-end consumer contract; and
(2)(c) for a closed-end consumer contract entered into on or after August 1, 2006, in:
(2)(c)(i) bold type; or
(2)(c)(ii) all capital letters.

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