Utah § 70C-8-201 Applicability.

Utah Statutes

§ 70C-8-201 — Applicability.

Utah·Title 70C Utah Consumer Credit Code·Ch. 70C-8 Administration·Part 70C-8-2 Notification and Fees

(1)Except as provided in Subsection (2), this part applies to:

(1)(a) a creditor that is subject to this title; and

(1)(b) a party who:

(1)(b)(i) has an office or place of business in this state; and

(1)(b)(ii) takes an assignment of or undertakes direct collection of a payment from or enforcement of a right against a debtor arising from a consumer credit transaction.

(2)Except where otherwise indicated, the following are exempt from this part:

(2)(a) a depository institution as defined in Section 7-1-103 that is federally insured; and

(2)(b) a wholly owned subsidiary of a depository institution described in Subsection (2)(a).

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(1) Except as provided in Subsection (2), this part applies to:

(1)(a) a creditor that is subject to this title; and
(1)(b) a party who:
(1)(b)(i) has an office or place of business in this state; and
(1)(b)(ii) takes an assignment of or undertakes direct collection of a payment from or enforcement of a right against a debtor arising from a consumer credit transaction.
(2) Except where otherwise indicated, the following are exempt from this part:

(2)(a) a depository institution as defined in Section 7-1-103 that is federally insured; and
(2)(b) a wholly owned subsidiary of a depository institution described in Subsection (2)(a).

Utah § 70C-8-201 (Applicability.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.