Section 301 – Enforcement by department — Rulemaking.
7-24-301. Enforcement by department — Rulemaking. (1) Subject to the requirements of Title 63G, Chapter 4, Administrative Procedures Act, the department may: (a) receive and act on complaints; (b) take action designed to obtain voluntary compliance with this chapter; or (c) commence administrative or judicial proceedings on its own initiative to enforce compliance with this […]
Section 302 – Examination of books, accounts, and records by the department.
7-24-302. Examination of books, accounts, and records by the department. (1) The department may examine the books, accounts, and records of a title lender and may make investigations to determine compliance with this chapter. (2) In accordance with Section 7-1-401, a title lender shall pay a fee for an examination conducted under Subsection (1). Enacted […]
Section 303 – Penalties.
7-24-303. Penalties. (1) A person who violates this chapter or who files materially false information with a registration or renewal under Section 7-24-201 is: (a) guilty of a class B misdemeanor except for a violation of: (i) Subsection 7-24-202(1)(e)(i), (ii), or (iii); or (ii) rules made under Subsection 7-24-301(2)(b); and (b) subject to revocation of […]
Section 304 – Civil liability.
7-24-304. Civil liability. Nothing in this chapter is intended to limit any civil liability that may exist against a title lender for: (1) breach of contract; (2) violation of federal law; or (3) other unlawful act. Enacted by Chapter 236, 2003 General Session
Section 202 – Operational requirements for title loans.
7-24-202. Operational requirements for title loans. (1) A title lender shall: (a) post in a conspicuous location on its premises that can be viewed by a person seeking a title loan: (i) a complete schedule of any interest or fees charged for a title loan that states the interest and fees: (A) as dollar amounts; […]
Section 203 – Disclosure form for title loans.
7-24-203. Disclosure form for title loans. (1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the department shall adopt a disclosure form for title loans that complies with this section. (2) The department shall specify by rule: (a) the information to be provided in the disclosure form including: (i) the costs of […]
Section 204 – Remedy for default.
7-24-204. Remedy for default. Except in the event of fraud by a borrower, if a borrower defaults on a title loan: (1) the title lender’s sole remedy is to seek repossession and sale of the property securing the title loan; (2) the title lender may not pursue the borrower personally for: (a) repayment of the […]
Section 104.1 – No effect on civil liability.
7-23-104.1. No effect on civil liability. Nothing in this chapter is intended to limit any civil liability that may exist against a check casher or deferred deposit lender for: (1) breach of contract; (2) violation of federal law; or (3) other unlawful act. Renumbered and Amended by Chapter 96, 2008 General Session
Section 201 – Registration — Rulemaking.
Effective 5/12/2020 7-23-201. Registration — Rulemaking. (1) (a) It is unlawful for a person to engage in the business of cashing checks or the business of deferred deposit lending 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 301 – Posting of fee schedules for cashing checks.
7-23-301. Posting of fee schedules for cashing checks. (1) A check casher shall post a complete schedule of all fees for cashing a check in a conspicuous location on its premises that can be viewed by a person cashing a check. (2) The schedule of fees required to be posted under Subsection (1) shall state […]