Legal Status
Legal
Citation
Utah Code Ann. 7-23-101 et seq.
Loan Terms
Maximum Loan Amount: N/A
Loan Term: 10 weeks
Finance Charge for 14-day $100 Loan: N/A
APR for 14-day $100 Loan: N/A
Debt Limits
Maximum Number of Outstanding Loans at One Time: No limit.
Rollovers Permitted: Yes, as long as they don't exceed 10 weeks. Utah Code Ann. § 7-23-401
Cooling-off Period: 1 day. Utah Code Ann. § 7-23-401
Repayment Plan: allowed one as a matter of course per 12 months. any extra are at lender's discretion. must be 4 equal payments without any extra fees or fines due in 60 days after entering. Utah Code Ann. § 7-23-403
Collection Limits
Collection Fees: Not specified.
Criminal Action: Not allowed. Utah Code Ann. § 7-23-401