| (1) |
An individual who is a party to an agreement may terminate the agreement at any time, without penalty or obligation, by giving the provider notice in a record. |
Terms Used In Utah Code 13-42-120
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
| (2) |
A provider may terminate an agreement if an individual who is a party to the agreement fails for 60 days to make a payment or deposit required by the agreement or if other good cause exists. |
| (3) |
If an agreement is terminated:
| (a) |
the provider, no later than seven business days after the termination, shall pay the individual who is a party to the agreement all money the provider or its designee received from or on behalf of the individual, other than:
| (i) |
an amount properly disbursed to a creditor; and |
| (ii) |
fees earned pursuant to Section 13-42-123; and |
|
| (b) |
any power of attorney granted by the individual to the provider is revoked. |
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Repealed and Re-enacted by Chapter 152, 2012 General Session
