Payday Loan Laws Legislation On Payday Lending And The Cash Advance Industry

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.

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