Utah § 7-26-201 Permitted delay of wire transfers.

Utah Statutes

§ 7-26-201 — Permitted delay of wire transfers.

Utah § 7-26-201

Title 7Financial Institutions Act

Ch. 7-26Financial Exploitation Prevention Act

Part 7-26-2General Prevention of Financial Exploitation

This text of Utah § 7-26-201 (Permitted delay of wire transfers.) 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. § 7-26-201 (2026).

Text

(1)This section applies to a wire transfer that transfers money from a consumer account at a covered financial institution.

(2)If a qualified individual reasonably believes that executing a requested wire transfer will result in financial exploitation, the covered financial institution may:

(2)(a) delay the wire transfer; and

(2)(b) contact:

(2)(b)(i) a law enforcement agency;

(2)(b)(ii) Adult Protective Services; or

(2)(b)(iii) a joint co-owner on the account.

(3)The delay of a wire transfer described in Subsection (2) expires when the earlier of the following occurs:

(3)(a) the covered financial institution reasonably determines that the wire transfer is not financial exploitation; or

(3)(b) 15 business days pass after the day on which the covered financial institution first initiat

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(1) This section applies to a wire transfer that transfers money from a consumer account at a covered financial institution.
(2) If a qualified individual reasonably believes that executing a requested wire transfer will result in financial exploitation, the covered financial institution may:

(2)(a) delay the wire transfer; and
(2)(b) contact:
(2)(b)(i) a law enforcement agency;
(2)(b)(ii) Adult Protective Services; or
(2)(b)(iii) a joint co-owner on the account.
(3) The delay of a wire transfer described in Subsection (2) expires when the earlier of the following occurs:

(3)(a) the covered financial institution reasonably determines that the wire transfer is not financial exploitation; or
(3)(b) 15 business days pass after the day on which the covered financial institution first initiated the delay of the wire transfer.