Utah § 70C-6-108 Charge for insurance in connection with a deferral, refinancing, or consolidation -- Duplicate charges.

Utah Statutes

§ 70C-6-108 — Charge for insurance in connection with a deferral, refinancing, or consolidation -- Duplicate charges.

Utah § 70C-6-108

Title 70CUtah Consumer Credit Code

Ch. 70C-6Insurance

Part 70C-6-1Insurance in General

This text of Utah § 70C-6-108 (Charge for insurance in connection with a deferral, refinancing, or consolidation -- Duplicate charges.) 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. § 70C-6-108 (2026).

Text

A creditor may contract for and receive a separate charge for insurance in connection with a deferral, a refinancing, or a consolidation if:

(1)the debtor agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made;

(2)the insurance is not required by the creditor as a condition of granting the deferral, refinancing, or consolidation, unless the insurance is of a type which the creditor may lawfully require a debtor to obtain in connection with an extension of credit;

(3)the terms and conditions of the insurance to be provided comply with all requirements of this chapter; and

(4)the debtor receives an appropriate refund or credit on account for any unexpired term of existing insurance which is duplicated to any degree by the insurance to be p

Free access — add to your briefcase to read the full text and ask questions with AI

A creditor may contract for and receive a separate charge for insurance in connection with a deferral, a refinancing, or a consolidation if:
(1) the debtor agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made;
(2) the insurance is not required by the creditor as a condition of granting the deferral, refinancing, or consolidation, unless the insurance is of a type which the creditor may lawfully require a debtor to obtain in connection with an extension of credit;
(3) the terms and conditions of the insurance to be provided comply with all requirements of this chapter; and
(4) the debtor receives an appropriate refund or credit on account for any unexpired term of existing insurance which is duplicated to any degree by the insurance to be provided in connection with the deferral, refinancing, or consolidation.