Utah § 70C-3-102 Balloon payment.

Utah Statutes

§ 70C-3-102 — Balloon payment.

Utah § 70C-3-102

Title 70CUtah Consumer Credit Code

Ch. 70C-3Closed-End Consumer Credit Debt

This text of Utah § 70C-3-102 (Balloon payment.) 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. § 70C-3-102 (2026).

Text

If any scheduled payment of a closed-end consumer credit debt is more than twice as large as the average of all earlier scheduled payments, the debtor has the right to refinance the amount of that payment at the time it is due if the creditor is still offering that type of credit and the debtor is credit worthy.  Credit terms may be no less favorable than those offered to the general public by the creditor for the same type of credit at the time a request for refinancing is accepted.

Free access — add to your briefcase to read the full text and ask questions with AI

If any scheduled payment of a closed-end consumer credit debt is more than twice as large as the average of all earlier scheduled payments, the debtor has the right to refinance the amount of that payment at the time it is due if the creditor is still offering that type of credit and the debtor is credit worthy. Credit terms may be no less favorable than those offered to the general public by the creditor for the same type of credit at the time a request for refinancing is accepted.