§ 70C-3-104. Class actions.

Latest version.

(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:

(a)	to the debtor;

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

(c)

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

(i)	bold type; or

(ii)	all capital letters.

Enacted by Chapter 172, 2006 General Session

                    
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