| (1) |
This chapter shall be liberally construed and applied to promote its underlying purposes and policies. |
Terms Used In Utah Code 15-8-2
- Consumer: means a natural person who rents personal property under a rental purchase agreement to be used primarily for personal, family, or household purposes. See Utah Code 15-8-3
| (2) |
The underlying purposes and policies of this chapter are to:
| (a) |
define, simplify, and clarify the law governing consumer rental purchase agreements; |
| (b) |
provide certain disclosures to consumers who enter into consumer rental purchase agreements, and further consumer understanding of the terms of consumer rental purchase agreements; |
| (c) |
protect consumers against unfair practices; |
| (d) |
permit and encourage the development of fair and economically sound rental purchase practices; and |
| (e) |
make the law on consumer rental purchase agreements, including administrative rules, more uniform among the various consumer credit code jurisdictions. |
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Enacted by Chapter 251, 1993 General Session
