UTA LEG Class Action Settlements

On Feb. 27, UTA LEG passed bill re consumer sales act amendments.

  • UTA LEG passed HB 443 Substitute 1, process/timing to offer a class action settlement.
  • Amends Utah consumer sales practices act UTA LEG 13-11-4.1 (solicitation of financial info), UTA LEG 13-11-21 (class action settlements); and enacts UTA LEG 13-11-21.1.
  • Bill Provisions
  • Clarifies provisions relating to targeted solicitations involving financial information.
  • Courts must give an enforcing authority 60-day notice before hearings that pertain to class action settlements and 60 days for said authority to object to settlement offers.
  • Gives 180 days after complaint is received to enter settlement as an interested party.
  • Apply HB 443 to claims awaiting final unappealable judgment/order as of May 1, 2024.
  • Legislative History
  • On Feb. 1, 2024, bill introduced in House; on Feb. 12, 2024, bill passed in the House.
  • On Feb. 12, 2024, bill introduced in Senate; on Feb. 23, 2024, bill passed in Senate.
  • On Feb. 27, 2024, bill was received from House for enrolling; draft bill prepared.
  • Effectiveness
  • Provisions of HB 443 re class action lawsuit settlements comes in effect May 1, 2024.
  • Mar. 2024 UTA LEG Governor Approval
  • On Mar. 13, 2024, UTA LEG governor signed the bill into law, effective May 1, 2024.

Regulators UTA LEG
Entity Types CNSM; Corp
Reference Bill, 3/13/2024; Bill HB0443, 2/27/2024; *UTA LEG* 13-11-4.1, 13-11-21;
Functions Advertising; Compliance; Financial; Legal; Sales Practices
Countries United States of America
Products Corporate
Regions Am
Rule Type Final
Rule Date 2/27/2024
Effective Date 5/1/2024
Rule Id 202431
Linked to N/A
Reg. Last Update 3/13/2024
Report Section US Consumer

Last substantive update on 03/20/2024