2006 Utah Code - 7-24-203 — Disclosure form for title loans.7-24-203. Disclosure form for title loans.
(1) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the department shall adopt a disclosure form for title loans that complies with this section.
(2) The department shall specify by rule:
(a) the information to be provided in the disclosure form including:
(i) the costs of obtaining a title loan;
(ii) the consequences of defaulting on a title loan;
(iii) generally available alternatives to a title loan; and
(iv) methods of obtaining credit counseling or other financial advice;
(b) the type size of the disclosure form; and
(c) the manner in which a title lender shall conspicuously provide the disclosure form to a person seeking a title loan.
Enacted by Chapter 236, 2003 General Session
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