(1) Subject to Subsection (2), if a seller does not comply with Section 15-10-201 with respect to a service contract containing an automatic renewal provision:
(a) the automatic renewal provision is void and unconscionable as a matter of public policy; and
(b) the service contract shall automatically renew on a month-to-month basis.
(2) Subsection (1) applies to an automatic renewal provision in a service contract with a business consumer for which a seller does not comply with Section 15-10-201 only if the service contract is executed on or after July 1, 2011.