1. (1) Unless a creditor waives in a signed record the right to notification, an assignee shall send a notification of the assignment to each creditor known to the assignee within a reasonable time not to exceed 30 days after the effective date of the assignment agreement.

2. (2) The notification must:

   1. (a) be in a record signed by the assignee;
   2. (b) include the assignee's name, address, and other contact information reasonably necessary to communicate with the assignee;
   3. (c) provide reasonable instructions for submitting a proof of claim using the method established by the assignee under Subsection 6-2-108(b)(e); and
   4. (d) identify the date established under Subsection 6-2-108(b)(f) by which each creditor whose claim is not otherwise allowed without a timely proof of claim under this chapter must submit a proof of claim.

3. (3) An assignee shall use reasonable means to provide the information in Subsection (2) to unknown creditors, including by any means the assignor regularly used to:

   1. (a) provide information to the assignor's creditors; or
   2. (b) communicate information about the assignor, other than advertising, to the public.

Enacted by Chapter 314, 2026 General Session