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