Section 101 – Definition — Home solicitation sale.
70C-5-101. Definition — Home solicitation sale. As used in this chapter, “home solicitation sale” means a consumer credit sale of goods or services in which the seller or a person acting for him engages in a face-to-face solicitation of the sale at a residence or place of employment of the buyer and the buyer’s agreement […]
Section 102 – Buyer’s right to cancel.
70C-5-102. Buyer’s right to cancel. (1) Except as provided in Subsection (5), in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase which […]
Section 103 – Form of agreement or offer — Statement of buyer’s rights.
70C-5-103. Form of agreement or offer — Statement of buyer’s rights. (1) In a home solicitation sale, unless the buyer requests the seller to provide goods or services without delay in an emergency, the seller shall present to the buyer and obtain his signature to a written agreement or offer to purchase which designates as […]
Section 104 – Restoration of down payment.
70C-5-104. Restoration of down payment. (1) Within 10 days after a home solicitation sale has been canceled or an offer to purchase revoked the seller shall tender to the buyer any payments made by the buyer and any note or other evidence of indebtedness. (2) If the down payment includes goods traded in, the goods […]
Section 105 – Duty of buyer — No compensation for services prior to cancellation.
70C-5-105. Duty of buyer — No compensation for services prior to cancellation. (1) Except as provided by the provisions on retention of goods by the buyer under Subsection 70C-5-104(4), within a reasonable time after a home solicitation sale has been canceled or an offer to purchase revoked, the buyer upon demand shall tender to the […]
Section 206 – Settlement of claims.
70C-2-206. Settlement of claims. (1) A claim by a debtor against a creditor for an excess charge, other violation of this title, or civil penalty if disputed in good faith, may be settled by agreement for less value than the amount claimed, unless a court, as a matter of law, finds the settlement to have […]
Section 207 – Referral sales.
70C-2-207. Referral sales. With respect to a consumer credit sale, the seller may not give or offer to give a rebate or discount or otherwise pay or offer to pay value to the buyer as an inducement for a sale in consideration of his giving to the seller the names of prospective purchasers or otherwise […]
Section 101 – Prepayment of debt.
70C-3-101. Prepayment of debt. (1) (a) Subject to the other provisions of this section, a debtor may prepay the unpaid balance of a closed-end consumer credit debt at any time without penalty. (b) Notwithstanding Subsection (1)(a), a debtor may be required to pay a prepayment fee for prepaying a closed-end extension of credit secured by […]
Section 102 – Balloon payment.
70C-3-102. Balloon payment. If any scheduled payment of a closed-end consumer credit debt is more than twice as large as the average of all earlier scheduled payments, the debtor has the right to refinance the amount of that payment at the time it is due if the creditor is still offering that type of credit […]
Section 103 – Delinquency charges — Conversion of account.
70C-3-103. Delinquency charges — Conversion of account. (1) With respect to a closed-end loan, a delinquency charge may not be assessed on a payment that is a payment in full for the scheduled installment period solely because of an unpaid delinquency charge relating to an earlier installment. (2) (a) With respect to a closed-end loan […]