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Utah Consumer Credit Code | |
Administration | |
Section 201 | Applicability. |
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70C-8-201. Applicability. (1) Except as provided in Subsection (2), this part applies to: (a) a creditor that is subject to this title; and (b) a party who: (i) has an office or place of business in this state; and (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: (a) a depository institution as defined in Section 7-1-103 that is federally insured; and (b) a wholly owned subsidiary of a depository institution described in Subsection (2)(a).
Amended by Chapter 72, 2009 General Session |
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