Utah Code 13-21-2. Definitions — Exemptions
Current as of: 2023 | Check for updates
|
Other versions
As used in this chapter:
(1) | “Buyer” means an individual who is solicited to purchase or who purchases the services of a credit services organization. |
(i) | improving a buyer's credit record, history, or rating; |
(ii) | providing advice, assistance, instruction, or instructional materials to a buyer with regard to Subsection (3)(a)(i); or |
(iii) | debt reduction or debt management plans. See Utah Code 13-21-2 |
(2) | “Credit reporting agency” means a person who, for a monetary 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 or other information on consumers for the purpose of furnishing consumer reports to third persons. |
(3) |
|
(4) | “Extension of credit” means the right to defer payment of debt or to incur debt and defer its payment, offered or granted primarily for personal, family, or household purposes. |
Amended by Chapter 289, 2011 General Session