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Utah Code
2025 Utah Code
Title 13 - Commerce and Trade
Chapter 64 - Vehicle Value Protection Agreement Act
Part 2 - Vehicle Value Protection Agreements
Section 203 - Preliminary period -- Cancellation -- Refund.
Universal Citation:
UT Code § 13-64-203 (2025)
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Effective 5/3/2023
13-64-203. Preliminary period -- Cancellation -- Refund.
Enacted by Chapter 509, 2023 General Session
Technically renumbered to avoid duplication of newly enacted Chapter also in SB 152, Chapter 498, SB 225, Chapter 377, and SB 274, Chapter 536.
13-64-203. Preliminary period -- Cancellation -- Refund.
- (1)
- (a) A vehicle value protection agreement shall provide for a preliminary period of at least 30 days.
- (b) If a purchaser cancels a vehicle value protection agreement within the preliminary period, the purchaser is entitled to a refund of the charges under the vehicle value protection agreement as follows:
- (i) if benefits have not been provided, a full refund; or
- (ii) if benefits have been provided, a refund to the extent provided for in the vehicle value protection agreement.
- (2)
- (a) Except as provided in Subsection (2)(b), if a provider cancels a vehicle value protection agreement, the provider shall mail a written notice to the purchaser at least five days before the day on which the vehicle value protection agreement is canceled.
- (b) A provider may immediately cancel a vehicle value protection agreement upon sending a notice of cancellation to the purchaser if the reason for the cancellation is:
- (i) the purchaser's failure to pay the provider's fee under the vehicle value protection agreement; or
- (ii) the purchaser's breach of the purchaser's duties relating to the covered vehicle.
- (3) A notice described in Subsection (2) shall include:
- (a) the effective date of the cancellation; and
- (b) the reason for the cancellation.
- (4) If a provider cancels a vehicle value protection agreement for a reason other than the purchaser's failure to pay the provider's fee under the vehicle value protection agreement, the provider:
- (a) shall refund the purchaser any unearned provider fee under the vehicle value protection agreement;
- (b) may charge the purchaser an administrative fee of up to $75; and
- (c) may deduct the amount of a benefit paid under the vehicle value protection agreement from the refund.
Enacted by Chapter 509, 2023 General Session
Technically renumbered to avoid duplication of newly enacted Chapter also in SB 152, Chapter 498, SB 225, Chapter 377, and SB 274, Chapter 536.
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