§ 70A-9a-201 — General effectiveness of security agreement.

Utah § 70A-9a-201

• Jurisdiction: Utah
• Title 70A: Uniform Commercial Code
• Ch. 70A-9a: Uniform Commercial Code - Secured Transactions
• Part 70A-9a-2: Effectiveness of Security Agreement - Attachment of Security Interest - Rights of Parties to Security Agreement

Text

(1) Except as otherwise provided in this title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.
(2) A transaction subject to this chapter is subject to:

(2)(a) any applicable rule of law which establishes a different rule for consumers; and
(2)(b) Title 70C, Utah Consumer Credit Code.
(3) In case of conflict between this chapter and a rule of law, statute, or regulation described in Subsection (2), the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in Subsection (2) has only the effect the statute or regulation specifies.
(4) This chapter does not:

(4)(a) validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in Subsection (2); or
(4)(b) extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.

Legislative History

Enacted by Chapter 252, 2000 General Session