Utah Authorize High-Cost Payday Lending

0
Utah State Information


Legal Status:
Legal (Applies to check cashers only)

Citation:Utah Code Ann. 7-23-101 et seq.

Loan Terms:

Maximum Loan Amount: No Limit
Loan Term: May not exceed 10 weeks
Maximum Finance Rate and Fees: No usury limit
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit

Debt Limits:

Maximum Number of Outstanding Loans at One Time: No limit
Rollovers Permitted: Not Specified (cannot extend or renew loan more than 10 weeks from original loan date)
Cooling-off Period: None
Repayment Plan: Yes

Collection Limits:

Collection Fees: Not Specified
Criminal Action: Not Specified

Where to Complain, Get Information:

Regulator: Utah Department of Financial Institutions
Address: 324 South State Street, Suite 201 Salt Lake City UT 84111
Phone: (801) 538-8830
Fax: (801) 538-8894

Post a Comment

0Comments
Post a Comment (0)

#buttons=(Accept !) #days=(20)

Our website uses cookies to enhance your experience. Learn More
Accept !