Utah § 7-27-102 Application.

Utah Statutes

§ 7-27-102 — Application.

Utah § 7-27-102

Title 7Financial Institutions Act

Ch. 7-27Commercial Financing Registration and Disclosure Act

Part 7-27-1General Provisions

This text of Utah § 7-27-102 (Application.) 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. § 7-27-102 (2026).

Text

The provisions of this chapter do not apply to:

(1)a provider that is a depository institution;

(2)a provider that is:

(2)(a) (2)(a)(i) a subsidiary of a depository institution; or

(2)(a)(ii) a service corporation for a depository institution; and

(2)(b) regulated by a federal banking agency;

(3)a provider that is regulated under the federal Farm Credit Act 12 U.S.C. Sec. 2001 et seq.;

(4)a provider that is licensed as a money transmitter in accordance with Chapter 25, Money Transmitter Act;

(5)a provider that consummates five or fewer commercial financing products in the state during any 12 month period;

(6)a commercial financing transaction secured by real property;

(7)a commercial financing transaction that is a lease as defined in Section 70A-2a-103;

(8)a commercial financing

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The provisions of this chapter do not apply to:
(1) a provider that is a depository institution;
(2) a provider that is:

(2)(a) (2)(a)(i) a subsidiary of a depository institution; or
(2)(a)(ii) a service corporation for a depository institution; and
(2)(b) regulated by a federal banking agency;
(3) a provider that is regulated under the federal Farm Credit Act 12 U.S.C. Sec. 2001 et seq.;
(4) a provider that is licensed as a money transmitter in accordance with Chapter 25, Money Transmitter Act;
(5) a provider that consummates five or fewer commercial financing products in the state during any 12 month period;
(6) a commercial financing transaction secured by real property;
(7) a commercial financing transaction that is a lease as defined in Section 70A-2a-103;
(8) a commercial financing transaction that is a purchase-money obligation as defined in Section 70A-9a-103;
(9) a commercial financing transaction that:

(9)(a) involves a commercial loan or a commercial open-end credit plan;
(9)(b) is $50,000 or more; and
(9)(c) extends the commercial loan or the commercial open-end credit plan to:
(9)(c)(i) a motor vehicle dealer or the motor vehicle dealer's affiliate; or
(9)(c)(ii) a motor vehicle rental company as defined in Section 13-48-103 or the motor vehicle rental company's affiliate;
(10) a commercial financing transaction offered by a person in connection with the sale of a product or service that:

(10)(a) the person manufactures, licenses, or distributes; or
(10)(b) the person's parent company or the person's owned and controlled subsidiary manufactures, licenses, or distributes; or
(11) a commercial financing transaction of more than $1,000,000.