13-42-140. Transitional provisions -- Application to existing transactions.
(1) Transactions entered into before July 1, 2007 and the rights, duties, and interests
resulting from them may be completed, terminated, or enforced as required or permitted by a law
amended, repealed, or modified by this chapter as though the amendment, repeal, or modification
had not occurred.
(2) (a) A person registered under Chapter 21, Credit Services Organizations Act, on June
30, 2007, that is required to be registered under this chapter on July 1, 2007, shall be considered
to be registered under this chapter until the license in effect on June 30, 2007, expires.
(b) Notwithstanding Subsection (2)(a), except for the registration requirement, a person
subject to this chapter shall comply with this chapter for any transaction entered into on or after
July 1, 2007.
Enacted by Chapter 154, 2006 General Session
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Last revised: Thursday, May 01, 2008