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Utah Code Title 70C. Utah Consumer Credit Code § 70C-8-201. Applicability

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

(1) Except as provided in Subsection (2), this part applies to:

(a) a creditor that is subject to this title; and

(b) a party who:

(i) has an office or place of business in this state; and

(ii) takes an assignment of or undertakes direct collection of a payment from or enforcement of a right against a debtor arising from a consumer credit transaction.

(2) Except where otherwise indicated, the following are exempt from this part:

(a) a depository institution as defined in Section 7-1-103 that is federally insured; and

(b) a wholly owned subsidiary of a depository institution described in Subsection (2)(a).

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Cite this article: FindLaw.com - Utah Code Title 70C. Utah Consumer Credit Code § 70C-8-201. Applicability - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-70c-utah-consumer-credit-code/ut-code-sect-70c-8-201/

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