12-1-1. Registration and bond required. No person shall conduct a collection agency, collection bureau, or collection office in this state, or engage in this state in the business of soliciting the right to collect or receive payment for another of any account, bill, or other indebtedness, or advertise for or solicit in print the right […]
12-1-10. Applications — Fees. (1) Each application for registration under this chapter shall be made on a form provided by the Division of Corporations and Commercial Code. (2) Each applicant shall pay to the Division of Corporations and Commercial Code an application fee determined under Section 63J-1-504. Amended by Chapter 183, 2009 General Session
Effective 5/12/2020 12-1-11. Collection fee — Convenience fees. (1) As used in this section: (a) “Creditor” is as defined in 15 U.S.C. Sec. 1692a. (b) “Debt” means an obligation or alleged obligation to pay money arising out of a transaction for money, property, insurance, or services. (c) “Debtor” means a person obligated or allegedly obligated […]
12-1-2. Amount of bond — Conditions — Right of action. (1) The bond shall be for the sum of $10,000, payable to the state of Utah. (2) The bond shall provide that the person giving it shall, upon written demand, remit the collection proceeds to or for the person for whom any account, bill, or […]
12-1-3. Term of bond — Limitation of action. Such bond shall be for the term of one year from the date thereof, unless the Division of Corporations and Commercial Code and the person giving the same shall agree on a longer period. No action thereon shall be begun after two years from its expiration. Amended […]
12-1-5. Record of registrations and bonds — Right of inspection. The Division of Corporations and Commercial Code shall keep a record of all registrations and bonds filed with it under the provisions hereof, with the names, places of residence, and places of business of the principals and sureties, and the name of the officer before […]
12-1-6. Violation of title — Penalty. Any person, member of a partnership, or officer of any association or corporation who fails to comply with any provision of this title is guilty of a class A misdemeanor. Amended by Chapter 213, 1993 General Session
12-1-7. Exceptions. This title does not apply to: (1) an attorney authorized to practice in this state; (2) a national bank; (3) a bank or trust company incorporated under the laws of this state; or (4) the following licensed under Title 31A, Insurance Code: (a) a title insurance agency; or (b) a title insurance producer. […]
12-1-8. Designating and limiting activities as to assignments. Any collector having complied with the provisions of this chapter, may receive accounts, bills or other indebtedness, take assignments for the purpose of collections, and at the direction of the assignor bring suit as assignee, provided however, that all accounts shall be within the statute of limitations […]
12-1-9. Information void if no bond filed by collection agency. (1) As used in this section, “consumer reporting agency” means any person transacting business in this state who, for a fee, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information […]
