Utah Code 41-3-405. Sale of third party warranty or service contract — Remission of fee
Current as of: 2024 | Check for updates
|
Other versions
(1) If a dealer licensed under this chapter sells a third party warranty or service contract to a customer, the dealer shall within 15 days remit the fee paid by the customer to the warranty or service contract company.
Terms Used In Utah Code 41-3-405
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Dealer: includes a representative or consignee of any dealer. See Utah Code 41-3-102
(2) Failure of a dealer to remit the fee within 15 days is a ground for dealer license suspension and allows the customer a cause of action against the dealer for damages that otherwise would have been covered by the warranty or service contract.