conditions. (1) A person may not issue, sell, offer to sell, or otherwise provide a vehicle value protection agreement that does not comply with this chapter. (2) A vehicle value protection agreement shall conspicuously disclose: (a) the name, address, and contact information of: (i) the provider; (ii) the agreement administrator, if any; and (iii) the purchaser; (b) the terms of the vehicle value protection agreement, including: (i) the charges under the vehicle value protection agreement; (ii) the benefit eligibility requirements; (iii) the conditions imposed by the vehicle value protection agreement; and (iv) the procedure a purchaser is required to follow to obtain the benefit; and (c) subject to Subsection (3), the terms or restrictions governing cancellation of the vehicle value protection agreement, including: (i) that the purchaser may cancel the vehicle value protection agreement during the preliminary period; (ii) the length of the preliminary period; (iii) the purchaser's right to a refund for cancellation under Section 13-64-203; and (iv) the methodology for calculating any refund to the purchaser for cancellation. (3) The disclosure described in Subsection (2)(c)(i) shall: (a) be written in dark bold with at least 12-point type on the first page of the vehicle value protection agreement; and (b) read as follows: "IN ACCORDANCE WITH UTAH CODE SECTION 13-64-203, YOU, THE PURCHASER, MAY CANCEL THIS AGREEMENT AT ANY TIME BEFORE THE END OF THE PRELIMINARY PERIOD DESCRIBED IN THIS AGREEMENT." (4) The provider shall provide the purchaser a copy of the vehicle value protection agreement at the time the provider and purchaser enter into the vehicle value protection agreement. (5) A finance agreement or vehicle purchase agreement may not be conditioned on a purchaser entering into a vehicle value protection agreement.
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