Utah House Bill 39 has enacted new definitions and disclosure requirements for certain service contracts, VPP warranties and GAP waivers. The bill defines “incidental costs” in connection with a VPP warranty, which heretofore had not been defined. The bill also adds to the suite of eligible VPP products those that aid in the recovery a the stolen vehicle – no longer being limited only to products that are designed to prevent or deter theft. In the case of certain VPP disclosures, a “conspicuous statement” is required which is defined, in part, to be in all capital letters, bold face type and at least 14 point size font.
This was was effective May 8, 2018. Service contracts, VPP warranties and GAP waivers are subject to filing at least 30 days prior to use.