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Senate advances bill allowing optional class-action waivers in some credit contracts

Utah State Senate · February 21, 2006
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Summary

Senators amended and advanced SB252, which would permit creditors and debtors to contractually agree to waive class-action suits if the waiver is clear; supporters said it resolves circuit-court ambiguity, while critics warned consumers may unknowingly surrender rights.

The Utah Senate debated and amended Senate Bill 252 on Feb. 20, a measure that would permit creditors and debtors to agree contractually to waive the right to initiate or participate in a class-action lawsuit.

Sponsor Sen. Bramble moved Amendment 1 to change an "and" to an "or" in disclosure formatting language so…

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