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Utah Code Title 70C. Utah Consumer Credit Code § 70C-4-103. Finance charge for open-end accounts

Current as of May 05, 2022 | Updated by FindLaw Staff

With respect to an open-end consumer credit contract, a finance charge may only be calculated during any particular billing cycle on the basis of either:

(1) the average or actual daily balance of the account; or

(2) the unpaid balance of the account on the last day of the billing cycle after deducting payments and credits received during the same cycle.

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Cite this article: FindLaw.com - Utah Code Title 70C. Utah Consumer Credit Code § 70C-4-103. Finance charge for open-end accounts - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-70c-utah-consumer-credit-code/ut-code-sect-70c-4-103/

Read this complete Utah Code Title 70C. Utah Consumer Credit Code § 70C-4-103. Finance charge for open-end accounts on Westlaw. Westlaw subscription required.

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