UTAH CODE (Last Updated: January 16, 2015) |
Title 13. Commerce and Trade |
Chapter 42. Uniform Debt-Management Services Act |
§ 13-42-130. Advertising.
Latest version.
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(1) If a provider whose agreements contemplate that creditors will reduce finance charges or fees for late payment, default, or delinquency advertises debt-management services, it shall disclose, in an easily comprehensible manner, that using a debt-management plan may make it harder for the individual to obtain credit. (2) If a provider whose agreements contemplate that creditors will settle for less than the full principal amount of debt that advertises debt-management services, it shall disclose, in an easily comprehensible manner: (a) the information specified in Subsections 13-42-117(4)(e) and (f); and (b) the provider's settlement fee structure, consistent with the limitations of Section 13-42-123.
Amended by Chapter 152, 2012 General Session