Utah Code 63A-3-502.5. Debtor’s online access to debt amount

63A-3-502.5. Debtor’s online access to debt amount.

(1)

As used in this section, “debt” means:

Terms Used In Utah Code 63A-3-502.5

Accounts receivable: includes :

(i)	unpaid fees, licenses, taxes, loans, overpayments, fines, forfeitures, surcharges, costs, contracts, interest, penalties, third-party claims, sale of goods, sale of services, claims, and damages;

(ii)	a civil accounts receivable; and

(iii)

a civil judgment of restitution. See Utah Code 63A-3-501

Criminal accounts receivable: means the same as that term is defined in Section 77-32b-102. See Utah Code 63A-3-501

Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}

Office: means the Office of State Debt Collection created in Section 63A-3-502. See Utah Code 63A-3-501

Person: means :Utah Code 68-3-12.5

State agency: includes :

(i)	an executive branch agency;

(ii)	the legislative branch of state government; and

(iii)	the judicial branches of state government, including justice courts. See Utah Code 63A-3-501
(a)	an accounts receivable; or

(b)	a criminal accounts receivable.

(2)

On or before December 31, 2022, the office shall provide a debtor who has a debt transferred to the office online access to the debtor’s account that identifies:

(a)	the total balance the debtor owes for a debt;

(b)

(i)	each person to whom the debtor owes a debt; or

(ii)	if the person’s name is redacted by a court or a state agency with authority to redact, another identifier for the debt in place of the person’s name;

(c)

for each person the debtor owes:

(i)	the debtor’s original balance for a debt; and

(ii)	the debtor’s current balance for a debt;

(d)	the current interest rate for a debt; and

(e)

the history of:

(i)

any additional charge added to a debt including:

(A)	the reason for the charge;

(B)	the total amount of the charge; and

(C)	the date the charge was added; and

(ii)

any payment made by the debtor including:

(A)	the debt to which a payment was applied; and

(B)	whether the payment was applied to an administrative cost, accrued interest, the principal, or other fee.

Enacted by Chapter 323, 2022 General Session

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