Utah § 7-1-609 Payroll deduction savings -- Direct deposit of wages.

Utah Statutes

§ 7-1-609 — Payroll deduction savings -- Direct deposit of wages.

Utah § 7-1-609

Title 7Financial Institutions Act

Ch. 7-1General Provisions

Part 7-1-6Deposit Accounts

This text of Utah § 7-1-609 (Payroll deduction savings -- Direct deposit of wages.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 7-1-609 (2026).

Text

A depository institution may contract with an employer with respect to the:

(1)solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account of an employer's employee who voluntarily elects to participate; or

(2)direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of the deposits.

Free access — add to your briefcase to read the full text and ask questions with AI

A depository institution may contract with an employer with respect to the:
(1) solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account of an employer's employee who voluntarily elects to participate; or
(2) direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of the deposits.