This bill modifies the Utah Consumer Credit Code.
This bill:
- defines terms;
- clarifies that a creditor may not charge a prepayment penalty and removes the existing exception;
- clarifies that the debtor is not entitled to a third party rebate unless the creditor becomes entitled to a rebate result from the prepayment; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 70C-3-101