GroundRules
Utah Code § 7-23-402: Electronic disbursement and collections.
Where this section sits in the code
- Title 7 Financial Institutions Act
- Chapter 7-23 Check Cashing and Deferred Deposit Lending Registration Act
- Part 7-23-4 Deferred Deposit Lending Operations
If a deferred deposit lender collects payment on a deferred deposit loan through an electronic payment, the deferred deposit lender shall, on the day the loan is executed:
(1) credit the amount of the deferred deposit loan through an electronic payment to the person receiving the deferred deposit loan; or
(2) make the amount of the deferred deposit loan immediately available to the person receiving the deferred deposit loan.
Collected 2026-09-03T11:34:33Z. Source file · JSON