Utah § 7-1-618 Deposit production offices prohibited.

Utah Statutes

§ 7-1-618 — Deposit production offices prohibited.

Utah § 7-1-618

Title 7Financial Institutions Act

Ch. 7-1General Provisions

Part 7-1-6Deposit Accounts

This text of Utah § 7-1-618 (Deposit production offices prohibited.) 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. § 7-1-618 (2026).

Text

(1)Except as provided in Subsection (2), it is unlawful to establish or operate a deposit production office or similar office in this state for the purpose of soliciting deposits or similar evidence of indebtedness or participation interests in indebtedness.

(2)This prohibition does not apply to:

(2)(a) activities conducted at a main office or branch of the depository institution conducting the activities; or

(2)(b) activities conducted at the main office or branch of an affiliate depository institution acting as an agent to the extent permitted under Section 7-1-716.

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(1) Except as provided in Subsection (2), it is unlawful to establish or operate a deposit production office or similar office in this state for the purpose of soliciting deposits or similar evidence of indebtedness or participation interests in indebtedness.
(2) This prohibition does not apply to:

(2)(a) activities conducted at a main office or branch of the depository institution conducting the activities; or
(2)(b) activities conducted at the main office or branch of an affiliate depository institution acting as an agent to the extent permitted under Section 7-1-716.