Section 28-50-101 – SHORT TITLE.
28-50-101. SHORT TITLE. This act may be cited as the "Uniform Electronic Transactions Act." History: [28-50-101, added 2000, ch. 286, sec. 1, p. 960.]
Section 28-46-413 – PAYDAY LOAN BUSINESS PRACTICES.
28-46-413. PAYDAY LOAN BUSINESS PRACTICES. (1) No licensee or person related to a licensee by common control may have outstanding at any time to a single borrower a loan or loans with an aggregate principal balance exceeding one thousand dollars ($1,000), plus allowable fees. (2) A payday lender shall not make a payday loan that […]
Section 28-50-102 – DEFINITIONS.
28-50-102. DEFINITIONS. In this chapter: (1) "Agreement" means the bargain of the parties in fact, as found in their language or inferred from other circumstances and from rules, regulations, and procedures given the effect of agreements under laws otherwise applicable to a particular transaction. (2) "Automated transaction" means a transaction conducted or performed, in whole […]
Section 28-46-414 – EXTENDED PAYMENT PLANS.
28-46-414. EXTENDED PAYMENT PLANS. A payday lender shall allow the borrower, upon request, to enter into an extended payment plan that meets the requirements of this section once during any consecutive twelve (12) month period, subject to the following provisions: (1) A payday lender is not required to enter into an extended payment plan with […]
Section 28-50-103 – SCOPE.
28-50-103. SCOPE. (a) Except as otherwise provided in subsection (b) of this section, this chapter applies to electronic records and electronic signatures relating to a transaction. (b) This chapter does not apply to a transaction to the extent it is governed by: (1) A law governing the creation and execution of wills, codicils or testamentary […]
Section 28-46-415 – DISCLOSURES.
28-46-415. DISCLOSURES. Before disbursing funds pursuant to a payday loan, a payday lender shall provide written notice in not less than twelve (12) point bold type and in all capitalized letters to the borrower stating the following: "1. Payday loans are intended to address short-term, not long-term, financial needs. 2. You will be required to […]
Section 28-50-104 – PROSPECTIVE APPLICATION.
28-50-104. PROSPECTIVE APPLICATION. This chapter applies to any electronic record or electronic signature created, generated, sent, communicated, received, or stored on or after the initial effective date of this chapter. History: [28-50-104, added 2000, ch. 286, sec. 1, p. 962.]
Section 28-46-501 – SHORT TITLE.
28-46-501. SHORT TITLE. This part shall be known and may be cited as the "Title Loan Act." History: [28-46-501, added 2006, ch. 323, sec. 1, p. 1023.]
Section 28-46-502 – DEFINITIONS.
28-46-502. DEFINITIONS. As used in this part, unless the context otherwise requires: (1) "Title lender" means a regulated lender authorized pursuant to this part to make title loans. (2) "Title loan" means a loan for a consumer purpose that is secured by a nonpurchase money security interest in titled personal property and that is scheduled […]
Section 28-46-503 – LICENSE REQUIRED.
28-46-503. LICENSE REQUIRED. (1) No person shall engage in the business of making title loans without having first obtained a license from the administrator pursuant to this chapter authorizing the person to make regulated consumer loans. (2) Any title loan made without first having obtained a license is void, in which case the person making […]