Utah Statutes
§ 70C-6-108 — Charge for insurance in connection with a deferral, refinancing, or consolidation -- Duplicate charges.
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
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Utah § 70C-6-108 (Charge for insurance in connection with a deferral, refinancing, or consolidation -- Duplicate charges.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 159, 1985 General Session
Nearby Sections
15
§ 70C-1-101
Short title.§ 70C-1-102
Purposes -- Rules of construction.§ 70C-1-104
Construction against implied repeal.§ 70C-1-105
Limitations by other laws not displaced.§ 70C-1-106
Determination of interest rate.§ 70C-1-201
Covered transactions.§ 70C-1-202
Exempted transactions.§ 70C-1-301
Interpretation consistent with federal law.§ 70C-1-302
Definitions.§ 70C-2-101
Finance and other charges.§ 70C-2-102
Delinquency charges.§ 70C-2-103
Deferral charges.§ 70C-2-104
Advances to perform covenants of buyer.