Utah Admin. Code R331-25-1 - Authority, Scope and Purpose
(1)
This rule is issued pursuant to Section
7-1-324(2).
(2) This rule governs the issuance of a debt
cancellation agreement or debt suspension agreement by a depository institution
under the jurisdiction of the Department of Financial Institutions.
(3) This rule establishes uniform rules for
debt cancellation and debt suspension agreements by depository institutions
subject to the jurisdiction of the department and minimum standards of
disclosure to protect the public interest.
Notes
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