2006 Utah Code - 70C-4-105 — Class actions.

     70C-4-105.   Class actions.
     (1) In accordance with this section, a creditor may contract with the debtor of an open-end consumer credit contract for a waiver by the debtor of the right to initiate or participate in a class action related to the open-end consumer credit contract.
     (2) To contract for the waiver described in Subsection (1), the creditor shall disclose the waiver:
     (a) to the debtor;
     (b) in the open-end consumer credit contract; and
     (c) for an open-end consumer credit 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