Utah Statutes
§ 38-1a-309 — Interest rate -- Preconstruction service or construction contract -- Lien.
Utah·Title 38 Liens·Ch. 38-1a Preconstruction and Construction Liens·Part 38-1a-3 Provisions Applicable to Preconstruction Liens and Construction Liens
(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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Utah § 38-1a-309 (Interest rate -- Preconstruction service or construction contract -- Lien.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Legrand Johnson Constr. Co. v. Celtic Bank Corp.
2018 UT 18 (Utah Supreme Court, 2018)
Legislative History
Amended by Chapter 373, 2017 General Session
Nearby Sections
15
§ 38-10-101
Definitions.§ 38-10-103
Nonimpairment of lien attached to estate less than fee or to equitable or legal contingent interest.§ 38-10-104
Limitation of interests covered by lien.§ 38-10-106
Enforcement -- Time for -- Lis pendens -- Action for debt not affected -- Execution on an interest.§ 38-10-108
Limitation upon owner's liability.§ 38-10-110
Cancellation of lien.§ 38-10-111
Abuse of lien right -- Penalty.§ 38-10-112
Assignment of lien.§ 38-10-114
Attorney fees.