15-8-2 - Purpose -- Rules of construction.
15-8-2. Purpose -- Rules of construction.
(1) This chapter shall be liberally construed and applied to promote its underlyingpurposes 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 purchaseagreements, and further consumer understanding of the terms of consumer rental purchaseagreements;
(c) protect consumers against unfair practices;
(d) permit and encourage the development of fair and economically sound rental purchasepractices; 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