Utah § 7-27-301 Penalties.

Utah Statutes

§ 7-27-301 — Penalties.

Utah § 7-27-301

Title 7Financial Institutions Act

Ch. 7-27Commercial Financing Registration and Disclosure Act

Part 7-27-3Enforcement

This text of Utah § 7-27-301 (Penalties.) 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. § 7-27-301 (2026).

Text

(1)Subject to the requirements of Title 63G, Chapter 4, Administrative Procedures Act, the department may:

(1)(a) receive and act on complaints;

(1)(b) take action designed to obtain voluntary compliance with this chapter; or

(1)(c) commence administrative or judicial proceedings on the department's own initiative to enforce compliance with this chapter.

(2)A person who violates a provision of this chapter is subject to a civil penalty of $500 per violation, not to exceed $20,000 for all violations arising from the use of the same transaction documentation or materials.

(3)A person who violates a provision of this chapter after receiving written notice of a prior violation is subject to a civil penalty of $1,000 per violation, not to exceed $50,000 for all violations arising from the u

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(1) Subject to the requirements of Title 63G, Chapter 4, Administrative Procedures Act, the department may:

(1)(a) receive and act on complaints;
(1)(b) take action designed to obtain voluntary compliance with this chapter; or
(1)(c) commence administrative or judicial proceedings on the department's own initiative to enforce compliance with this chapter.
(2) A person who violates a provision of this chapter is subject to a civil penalty of $500 per violation, not to exceed $20,000 for all violations arising from the use of the same transaction documentation or materials.
(3) A person who violates a provision of this chapter after receiving written notice of a prior violation is subject to a civil penalty of $1,000 per violation, not to exceed $50,000 for all violations arising from the use of the same transaction documentation or materials.
(4) Nothing in this chapter creates a private right of action against any person based on failure to comply with the provisions of this chapter.
(5) A violation of this chapter does not affect the enforceability of any underlying agreement.