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2025 Utah Code
Title 13 - Commerce and Trade
Chapter 57 - Maintenance Funding Practices Act
Part 2 - Maintenance Funding Providers
Section 203 - Annual reports.
Universal Citation:
UT Code § 13-57-203 (2025)
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Effective 5/12/2020
13-57-203. Annual reports.
Enacted by Chapter 118, 2020 General Session
13-57-203. Annual reports.
- (1) On or before April 1 of each year, a maintenance funding provider registered in accordance with Section 13-57-201 shall file a report:
- (a) under oath;
- (b) with the director; and
- (c) in a form the director prescribes.
- (2) The report described in Subsection (1) shall include, for the preceding calendar year:
- (a) the number of maintenance funding agreements entered into by the maintenance funding provider;
- (b) the total dollar amount of legal funding the maintenance funding provider provided;
- (c) the total dollar amount of charges under each maintenance funding agreement, itemized and including the annual rate of return;
- (d) the total dollar amount and number of maintenance funding transactions in which the realized profit to the company was as contracted in the maintenance funding agreement;
- (e) the total dollar amount and number of maintenance funding transactions in which the realized profit to the company was less than contracted; and
- (f) any other information the director requires concerning the maintenance funding provider's business or operations in the state.
Enacted by Chapter 118, 2020 General Session
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