| (1) |
This chapter does not apply to an agreement with an individual who the provider has no reason to know resides in this state at the time of the agreement. |
Terms Used In Utah Code 13-42-103
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Person: means :Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (2) |
This chapter does not apply to a provider to the extent that the provider:
| (a) |
provides or agrees to provide debt-management, educational, or counseling services to an individual who the provider has no reason to know resides in this state at the time the provider agrees to provide the services; or |
| (b) |
receives no compensation for debt-management services from or on behalf of the individuals to whom it provides the services or from their creditors. |
|
| (3) |
This chapter does not apply to the following persons or their employees when the person or the employee is engaged in the regular course of the person’s business or profession:
| (a) |
a judicial officer, a person acting under an order of a court or an administrative agency, or an assignee for the benefit of creditors; |
| (c) |
an affiliate, as defined in Subsection 13-42-102(2)(b)(i), of a bank if the affiliate is regulated by a federal or state banking regulatory authority; or |
| (d) |
a title insurer, escrow company, or other person that provides bill-paying services if the provision of debt-management services is incidental to the bill-paying services. |
|
Enacted by Chapter 154, 2006 General Session
