Utah Code Title 7. Financial Institutions Act § 7-8-21. Application of chapter to industrial loan companies

(a) authorized to conduct business under this chapter; and

(b) not authorized to hold or receive deposits.

(a) may not hold or receive deposits without:

(b) may not engage in any conduct authorized by this title that is conditioned on the industrial loan company being a depository institution without meeting the conditions described in Subsections (2)(a)(i) and (ii); and

(c) may not use a term listed in Subsection 7-1-701(3) in its name without meeting the conditions described in Subsections (2)(a)(i) and (ii).