§ 4-90-704. Debt cancellation agreements — Restrictions
No debt cancellation agreement shall be issued that: (1) Is in any respect in violation of or does not comply with this subchapter; (2) Contains or incorporates by reference if incorporation by reference is otherwise permissible any inconsistent, ambiguous, illusory, or misleading clauses or exceptions and conditions that deceptively affect the material terms of the […]
§ 4-90-705. Application of § 4-88-101 et seq. to debt cancellation agreements and sellers of debt cancellation agreements
(a) Debt cancellation agreements and sellers of debt cancellation agreements are subject to the provisions of § 4-88-101 et seq., and any violation of any of the provisions of this subchapter constitutes an unconscionable or deceptive act or practice under § 4-88-101 et seq. (b) All remedies, penalties, and authority granted to the Attorney General […]
§ 4-90-701. Definition
As used in this subchapter, “debt cancellation agreement” means a loan term or contractual arrangement modifying a loan term dealing with motor vehicles under which a lender agrees to cancel all or part of a borrower’s obligation to repay an extension of credit from the lender upon the occurrence of a specified event other than […]
§ 4-90-702. Requiring borrower to purchase debt cancellation agreement prohibited
A lender shall not require a borrower to purchase a debt cancellation agreement.
§ 4-90-703. Debt cancellation agreements to be legible — Disclosure requirements
All terms of a debt cancellation agreement shall be printed or reproduced to render all material provisions of the agreement legible and shall clearly and conspicuously disclose the following information: (1) If the debt cancellation agreement is provided by or administered by a third party, the debt cancellation agreement shall disclose that fact and provide […]