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Utah Code Title 70A. Uniform Commercial Code § 70A-9a-525. Fees

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

(1) Except as otherwise provided in Subsection (3), the fee for the Division of Corporations and Commercial Code filing and indexing a record under this part, including an initial financing statement of the kind described in Subsection 70A-9a-502(3), shall:

(a) be determined by the Division of Corporations and Commercial Code;

(b) be reasonable and fair; and

(c) reflect the cost of services provided.

(2) The fee for the Division of Corporations and Commercial Code responding to a request for information from the Division of Corporations and Commercial Code, including for issuing a record showing whether there is on file any financing statement naming a particular debtor shall:

(a) be determined by the Division of Corporations and Commercial Code;

(b) be reasonable and fair; and

(c) reflect the cost of services provided.

(3)(a) This section does not require a fee with respect to a record of a mortgage which is effective as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut under Subsection 70A-9a-502(3). However, the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply.

(b)(i) This section does not apply to fees charged by a filing office described in Subsection 70A-9a-501(1)(a).

(ii) A filing office described in Subsection 70A-9a-501(1)(a) shall charge fees in accordance with Section 17-21-18.5.

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Cite this article: FindLaw.com - Utah Code Title 70A. Uniform Commercial Code § 70A-9a-525. Fees - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-70a-uniform-commercial-code/ut-code-sect-70a-9a-525/

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