Title 15 Chapter 8 Section 2

Contracts and Obligations in General
Utah Rental Purchase Agreement Act
Section 2
Purpose -- Rules of construction.

            

15-8-2.   Purpose -- Rules of construction.

            (1) This chapter shall be liberally construed and applied to promote its underlying purposes and policies.

            (2) The underlying purposes and policies of this chapter are to:

            (a) define, simplify, and clarify the law governing consumer rental purchase agreements;

            (b) provide certain disclosures to consumers who enter into consumer rental purchase agreements, and further consumer understanding of the terms of consumer rental purchase agreements;

            (c) protect consumers against unfair practices;

            (d) permit and encourage the development of fair and economically sound rental purchase practices; and

            (e) make the law on consumer rental purchase agreements, including administrative rules, more uniform among the various consumer credit code jurisdictions.


Enacted by Chapter 251, 1993 General Session