Utah § 38-1a-309 Interest rate -- Preconstruction service or construction contract -- Lien.

Utah Statutes

§ 38-1a-309 — Interest rate -- Preconstruction service or construction contract -- Lien.

Utah § 38-1a-309

Title 38Liens

Ch. 38-1aPreconstruction and Construction Liens

Part 38-1a-3Provisions Applicable to Preconstruction Liens and Construction Liens

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Bluebook

Utah Code Ann. § 38-1a-309 (2026).

Text

(1)Subject to Subsection (2), the interest rate that applies to a lawful contract for preconstruction service or construction work on or for a project property, or to a lien claimed under this chapter against the project property, is, unless otherwise provided in the lawful contract, the rate described in Subsection 15-1-1(2).

(2)If a person that claims a lien against project property under this chapter is not in privity of contract with the owner or owner-builder, the interest rate that applies to the person's lien may not exceed the rate described in Subsection 15-1-1(2).

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(1) Subject to Subsection (2), the interest rate that applies to a lawful contract for preconstruction service or construction work on or for a project property, or to a lien claimed under this chapter against the project property, is, unless otherwise provided in the lawful contract, the rate described in Subsection 15-1-1(2).
(2) If a person that claims a lien against project property under this chapter is not in privity of contract with the owner or owner-builder, the interest rate that applies to the person's lien may not exceed the rate described in Subsection 15-1-1(2).