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Utah Consumer Credit Code | |
Administration | |
Section 203 | Fees -- Examinations. |
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70C-8-203. Fees -- Examinations. (1) A party required to file notification under Section 70C-8-202 shall, on or before January 31 of each year, pay to the department an annual fee equal to the sum of: (a) $25; and (b) $7 for each $100,000 or part thereof in excess of $100,000, of the original principal balance of all consumer credit the party extended during the preceding calendar year. (2) In addition to filing notification, a party subject to this part, and a depository institution subject to this title: (a) may be required to make a book or record relating to a consumer credit transaction available to the department or its authorized representative for examination; and (b) shall pay to the department a fee to be set by the department based on an hourly rate per each examiner. (3) No portion of a fee paid or owed to the department under this part is refundable because a party voluntarily or involuntarily ceases to extend credit to consumers: (a) during the period covered by the fee; or (b) before the time of an examination by the department of a book or record pertaining to a preceding consumer credit transaction.
Amended by Chapter 72, 2009 General Session |
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