{"data":{"id":"us-ut/utah-code-13-64-101","jurisdiction":"us-ut","citation":"Utah Code § 13-64-101","heading":"Definitions.","body":"As used in this chapter:\n(1) \"Administrative functions\" means the same as that term is defined in Section 31A-6b-102.\n(2) \"Agreement administrator\" means a person who provides administrative functions related to a vehicle value protection agreement.\n(3) \"Covered vehicle\" means a vehicle that is covered under a vehicle value protection agreement.\n(4) \"Division\" means the Division of Consumer Protection established in Section 13-2-102.\n(5) \"Finance agreement\" means the same as that term is defined in Section 31A-6b-102.\n(6) \"Insurer\" means the same as that term is defined in Section 31A-1-301.\n(7) \"Preliminary period\" means a time period that:\n(a) begins the day on which the vehicle value protection agreement becomes effective; and\n(b) ends the last day on which the purchaser may cancel the vehicle value protection agreement with a full refund.\n(8) \"Provider\" means a person who is obligated to provide a benefit to another person under a vehicle value protection agreement.\n(9) \"Purchaser\" means a person who purchases a benefit from another person under a vehicle value protection agreement.\n(10) \"Security\" means the same as that term is defined in Section 31A-1-301.\n(11) \"Vehicle\" means the same as that term is defined in Section 31A-6b-102.\n(12)\n(a) \"Vehicle value protection agreement\" means an agreement for a separate charge between a provider and purchaser under which the provider agrees to, upon damage, total loss, or unrecovered theft of the purchaser's covered vehicle, provide a benefit to the purchaser that may be applied to:\n(i) the cash value of the covered vehicle when traded in for a replacement vehicle;\n(ii) the finance agreement for a replacement vehicle; or\n(iii) the purchase or lease price of a replacement vehicle.\n(b) \"Vehicle value protection agreement\" includes:\n(i) a vehicle trade-in agreement;\n(ii) a vehicle diminished value agreement;\n(iii) a vehicle cash down payment protection agreement; and\n(iv) a vehicle depreciation benefit agreement.\n(c) \"Vehicle value protection agreement\" does not include:\n(i) insurance or an insurance contract regulated under Title 31A, Insurance Code;\n(ii) a guaranteed asset protection waiver, as defined in Section 31A-6b-102;\n(iii) a debt cancellation agreement, as defined in Section 31A-21-109; or\n(iv) a debt suspension contract, as defined in Section 31A-21-109.","path":["Title 13 Commerce and Trade","Chapter 13-64 Vehicle Value Protection Agreement Act","Part 13-64-1 General Provisions"],"source_url":"https://le.utah.gov/xcode/Title13/Chapter64/13-64-S101.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"e87d24a3a0c4c2f900981ba71ee649bce879d09721309b50295372a5db39e874","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-13-62-103","next":"us-ut/utah-code-13-64-201"},"notice":"GroundRules: Original legal text. Not legal advice."}