| (1) |
This title shall be liberally construed and applied to promote its underlying purposes and policies. |
Terms Used In Utah Code 70C-1-102
- 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) |
The underlying purposes and policies of this title are:
| (a) |
to further consumer understanding of the terms of credit transactions and to foster competition among suppliers of consumer credit so that consumers may obtain credit at reasonable cost; |
| (b) |
to prohibit certain unfair practices; and |
| (c) |
to avoid the duplication of laws and regulations pertaining to consumer credit between state and federal authorities and to supplement applicable federal laws and regulations. |
|
Enacted by Chapter 159, 1985 General Session
