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Utah Code Title 70C. Utah Consumer Credit Code § 70C-8-203. Fees--Examinations

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

(1) A party required to file notification under Section 70C-8-202 shall, on or before December 31 of each year, pay to the department an annual fee of $100.

(2) In addition to filing notification, a party subject to this part, and a depository institution subject to this title:

(a) may be required to make a book or record relating to a consumer credit transaction available to the department or its authorized representative for examination; and

(b) shall pay to the department a fee to be set by the department based on an hourly rate per each examiner.

(3) No portion of a fee paid or owed to the department under this part is refundable because a party voluntarily or involuntarily ceases to extend credit to consumers:

(a) during the period covered by the fee; or

(b) before the time of an examination by the department of a book or record pertaining to a preceding consumer credit transaction.

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Cite this article: FindLaw.com - Utah Code Title 70C. Utah Consumer Credit Code § 70C-8-203. Fees--Examinations - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-70c-utah-consumer-credit-code/ut-code-sect-70c-8-203/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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