39-7-106 - Fines and penalties on contracts.
39-7-106. Fines and penalties on contracts.
(1) If compliance with the terms of a contract is stayed pursuant to this chapter, a fine orpenalty may not accrue by reason of failure to comply during the period of the stay.
(2) If a service member has not obtained a stay and a fine or penalty is imposed fornonperformance of an obligation, a court may relieve enforcement if the service member was inmilitary service when the penalty was incurred and his ability to pay or perform was materiallyimpaired.
Enacted by Chapter 306, 1997 General Session