Utah Payday Loan Laws
| Min/Max Term of Payday Loan: | Not specified | | Max Fees and Finance Charges: | Not specified | | Maximum Loan Amount: | Not specified | | Number of Rollovers: | Not specified (cannot extend or renew loan more than 12 weeks from original loan date) | | Outstanding loans allowed at one time: | Not specified | | Cool-off period: | Not specified | | Military Protection: | Not specified | | Payment Plan: | Not specified | | Limits on collection and presentment: | Not specified | | Collection fees: | Not specified | | Presentment Limit: | Not specified | | Penalties: | Civil Fines, Suspension or revocations of license; Cease and Desist Order; Criminal | | Private right of action: | Not specified | Utah Payday Loan Laws:
Utah passed statutes authorizing payday lending. The fees that payday lenders may charge amount to very large annual percentage rates, although there is a limit on the interest that can be charged on judgments related to a payday loans.
| Payday Loan Laws: |
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