Utah Code -- Title 07 -- Chapter 01 -- General Provisions

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Updated: 28 May 2009

7-1-101    Title.

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7-1-102    Legislative findings, purpose, and intent.

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7-1-103    Definitions.

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7-1-104    Exemptions from application of title.

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7-1-105    Procedures -- Adjudicative proceedings.

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7-1-201    Creation of department -- Organization.

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7-1-202    Commissioner of financial institutions as executive officer -- Appointment -- Term -- Salary -- Qualifications.

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7-1-203    Board of Financial Institutions.

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7-1-204    Chief examiner -- Powers and duties.

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7-1-205    Supervisor of banks -- Responsibilities.

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7-1-206    Supervisor of savings and loan associations -- Responsibilities.

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7-1-207    Supervisor of industrial banks -- Responsibilities.

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7-1-208    Supervisor of credit unions -- Responsibilities.

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7-1-208.1    Supervisor of trusts -- Qualifications -- Responsibilities.

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7-1-208.2    Deputy commissioner.

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7-1-209    Additional supervisors, examiners, and other personnel -- Compensation -- Travel expenses.

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7-1-210    Records of department required.

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7-1-211    Reports of commissioner to governor and Legislature.

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7-1-301    Powers and duties of commissioner -- Rulemaking.

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7-1-302    Review of supervisor's action by commissioner.

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7-1-303    Joint operations and information exchange by institutions.

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7-1-304    Civil actions against unauthorized operations.

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7-1-305    Final decisions on applications for new institutions, branches, relocation, merger, consolidation, acquisition and changes in control of financial institutions.

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7-1-307    Cease and desist orders -- Procedure for issuance.

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7-1-308    Suspension or removal of director or officer -- Grounds -- Procedure for issuance of order.

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7-1-309    Hearings by commissioner -- Discretion of commissioner -- Procedure -- Judicial review.

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7-1-310    Subpoena power of commissioner.

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7-1-311    Moratoriums on applications for new depository institutions or branches.

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7-1-312    Reports required of large stockholders of financial institutions as to loans secured by stock.

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7-1-313    Requiring remedial action by institution in or about to be in unsound condition -- Assistance by insurers.

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7-1-314    Examination of institutions by commissioner or supervisor.

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7-1-315    Examination by board of directors required -- Report.

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7-1-316    Forms for reports required from institutions.

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7-1-317    Reports of condition called for by commissioner.

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7-1-318    Reports of condition -- Form -- Falsification or failure to file.

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7-1-319    Notice to county attorney or district attorney of criminal violations -- Attorney general to conduct actions commenced by commissioner -- Assistance of county attorney or district attorney.

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7-1-320    Actions to enjoin violations -- Bond not required -- Recovery -- Attorney's fees.

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7-1-321    Powers and duties of commissioner to carry out purposes of title.

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7-1-322    Orders of commissioner -- Writing -- Service -- Contents -- Enforcement.

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7-1-323    Regulation of interstate operations -- Coordination of efforts.

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7-1-324    Debt cancellation agreements and debt suspension agreements.

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7-1-325    Compliance with applicable federal law.

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7-1-401    Fees payable to commissioner.

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7-1-402    Time for payment of fees -- Schedule of additional fees -- Revocation of permit or license for failure to pay fees.

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7-1-403    Funds and balances paid to treasurer -- Separate account -- Use of funds.

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7-1-501    Institutions and persons subject to jurisdiction of department.

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7-1-502    Limitations on jurisdiction of department.

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7-1-503    Regulation of sale by financial institution of its securities -- Solicitation of deposit accounts restricted -- Violations.

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7-1-505    Rules and regulations governing persons or institutions not regulated under other chapters of title.

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7-1-507    Assessing institution's record in meeting credit needs -- Requirements -- Remedial order.

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7-1-508    Conviction for fraud or dishonest conduct as disqualification to serve as officer, director or employee or to take control of a depository institution -- Violation as misdemeanor.

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7-1-510    Examination of institutions -- Adoption of rules -- Requiring actions by institutions.

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7-1-601    Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment.

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7-1-602    Final settlement of transaction account -- Limitation of action on accuracy of statement -- Duty to examine statement and notify of errors unaffected.

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7-1-603    Final settlement of savings account -- Limitation of action on accuracy of statement.

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7-1-604    Savings accounts -- Qualifications to hold -- Representation -- Transfer -- Holder treated as owner -- Exception.

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7-1-605    Savings accounts -- Special terms to be in writing.

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7-1-606    Savings accounts and credit union share accounts -- Form of ownership certificate.

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7-1-607    Lost or destroyed account book or certificate.

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7-1-608    School or institutional savings plans authorized.

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7-1-609    Payroll deduction savings -- Direct deposit of wages.

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7-1-610    Attorney-in-fact as to savings account -- Institution immune from liability.

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7-1-611    Deposit accounts of minors or married persons.

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7-1-612    Pledge or hypothecation of joint savings accounts.

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7-1-613    Incompetency of savings account owner.

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7-1-616    Authority to accept transaction accounts -- Payment of instruments.

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7-1-617    No concentration limit under state law.

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7-1-618    Deposit production offices prohibited.

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7-1-701    Representation and transacting business as financial institution restricted -- Restricted names -- Penalty.

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7-1-702    Interstate acquisition, merger, and branching.

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7-1-703    Restrictions on acquisition of institutions and holding companies -- Enforcement.

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7-1-704    Authorization required to engage in business -- Exemptions -- Procedure.

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7-1-705    Approval required for certain transactions -- Application -- Grounds for disapproval.

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7-1-706    Application to commissioner to exercise power -- Procedure.

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7-1-708    Establishing branches and relocating offices -- Application and procedure for approval -- Nonexempt credit unions.

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7-1-709    Branches -- Discontinuance of operation.

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7-1-710    "Agency" defined -- Purposes and establishment of agency.

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7-1-711    Mobile facilities -- Approval required for operation.

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7-1-712    Acquisition of office of another financial institution.

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7-1-713    Conversion of financial institution -- Approval required -- Procedure -- Federal-state conversion.

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7-1-714    Judicial review of acts of commissioner -- Hearing by court.

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7-1-715    Loan production offices -- Application and procedure for approval.

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7-1-716    Affiliate depository institutions acting as agents -- Notification required.

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7-1-801    False statement derogatory to financial condition of depository institution a misdemeanor -- Exemptions.

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7-1-802    Confidentiality of information received by department -- Availability of information.

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7-1-803    Conflicting interests of commissioner, supervisors, and examiners -- Loans and accounts -- Disclosure -- Penalty.

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7-1-806    Money market funds arranging with bank to honor two-party instruments -- Discouraging payment of interest to two persons on funds in transit -- Pyramiding and similar schemes as misdemeanors.

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7-1-807    Printed checks, drafts and orders -- Requirements -- Violation as misdemeanor.

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7-1-808    Closing days for depository institutions.

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7-1-809    Articles of incorporation -- Amended or restated articles of incorporation -- Prerequisites to filing.

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7-1-810    Limited liability companies.

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7-1-901    Authorized insurance activities of depository institutions.

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7-1-1001    Definitions -- Written consent or court order for disclosure by financial institution -- Exception.

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7-1-1002    Notice to person about whom information sought.

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7-1-1003    Intervention to challenge or stay order -- Burden on governmental entity.

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7-1-1004    Reimbursement of financial institution for costs of obtaining information.

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7-1-1005    Admissibility of information restricted.

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7-1-1006    Inapplicable to certain official investigations.

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7-1-1007    Liability of financial institutions.

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means this portion of the Utah Code has been modified since the last update on 6 May 2009.

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Last revised: 28 May 2009

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