Section 201 – Registration requirements — Rulemaking.

Effective 5/4/2022 7-27-201. Registration requirements — Rulemaking. (1) (a) Beginning January 1, 2023, it is unlawful for a person to engage in a commercial financing transaction as a provider in Utah or with a Utah resident, unless the person: (i) registers with the department in accordance with this chapter; and (ii) maintains a valid registration. […]

Section 202 – Disclosures for commercial financing transactions.

Effective 5/4/2022 7-27-202. Disclosures for commercial financing transactions. (1) (a) Before consummating a commercial financing transaction, a provider shall disclose the terms of the commercial financing transaction in accordance with this section and rules made by the commissioner. (b) In addition to the requirements of Subsection (1)(a), for a commercial open-end credit plan, the provider […]