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Utah Code Title 7. Financial Institutions Act § 7-24-203. Disclosure form for title loans

Current as of January 01, 2025 | Updated by Findlaw Staff

(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 obtaining a title loan;

(ii) the consequences of defaulting on a title loan;

(iii) generally available alternatives to a title loan; and

(iv) methods of obtaining credit counseling or other financial advice;

(b) the type size of the disclosure form; and

(c) the manner in which a title lender shall conspicuously provide the disclosure form to a person seeking a title loan.

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Cite this article: FindLaw.com - Utah Code Title 7. Financial Institutions Act § 7-24-203. Disclosure form for title loans - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-7-financial-institutions-act/ut-code-sect-7-24-203/

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