Bill > HB0394

This bill amends provisions related to debt collection. It allows creditors to require debtors to pay a collection fee, not exceeding the lesser of the actual amount the creditor pays a third-party debt collection agency or 40% of the principal amount owed, if certain conditions are met. The bill also allows third-party debt collection agencies that accept financial transaction cards to charge a convenience fee for certain transactions, as long as they disclose the fee and provide an alternative payment method. Additionally, the bill requires creditors or third-party debt collection agencies to provide debtors with a receipt for a payment within two business days of receiving a request.

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https://le.utah.gov/~2021/bills/static/HB0394.html