Utah Statutes
§ 7-23-402 — Electronic disbursement and collections.
Utah § 7-23-402
JurisdictionUtah
Title 7Financial Institutions Act
Ch. 7-23Check Cashing and Deferred Deposit Lending Registration Act
Part 7-23-4Deferred Deposit Lending Operations
This text of Utah § 7-23-402 (Electronic disbursement and collections.) 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. § 7-23-402 (2026).
Text
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.
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Legislative History
Renumbered and Amended by Chapter 96, 2008 General Session
Nearby Sections
15
§ 7-1-1001
Definitions -- Written consent or court order for disclosure by financial institution -- Exception.§ 7-1-1005
Admissibility of information restricted.§ 7-1-1007
Liability of financial institutions.§ 7-1-101
Title.§ 7-1-103
Definitions.§ 7-1-103.5
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Bluebook (online)
Utah § 7-23-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/7-23-402.