Utah Code § 7-1-322
Commissioner orders under this title must be written, served on affected institutions, and state the commissioner’s findings and required action.
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Utah Code § 7-1-323
The commissioner may supervise and regulate certain interstate bank branches and coordinate related examination and regulation with other state or federal agencies.
- Bank regulation
- Branch supervision
- Cooperative agreements
- Coordination
- Financial regulation
Utah Code § 7-1-324
The commissioner may adopt rules to authorize and regulate issuance of debt cancellation and debt suspension agreements by certain depository institutions, and out-of-state institutions may issue them only if home-state rules and other conditions are met.
- Borrowers
- Consumer protection
- Consumer protections
- Debt cancellation agreement
- Debt cancellation agreements
Utah Code § 7-1-325
This section defines “federal law,” requires the department to designate applicable federal laws by rule, and allows the department to enforce certain violations, excluding criminal penalties.
- Agency rulemaking
- Criminal penalties
- Depository institutions
- Enforcement actions
- Federal law compliance
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Utah Code § 7-1-401
This section requires several financial institutions and applicants to pay specified fees to the commissioner.
- Administrative processing
- Annual fee
- Assessments
- Asset-based calculation
- Asset-based rate schedule
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Utah Code § 7-1-402
Covered institutions and persons must pay specified fees to the commissioner; the commissioner may set additional reasonable and fair fees and may revoke a license or permit for nonpayment.
- Administrative assessments
- Annual payment
- Assessments
- Banking regulation
- Examinations
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Utah Code § 7-1-403
The commissioner must deposit the department’s unexpended balances and accruing money with the state treasurer each month. The account generally cannot revert to the General Fund, except for amounts required by law for general government and administrative costs. The commissioner may make approved withdrawals for speci
- Administration costs
- Department proceedings
- Fund management
- Government accounting
- Institution liquidation
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Utah Code § 7-1-501
Institutions and persons subject to jurisdiction of department. As provided in this title and the rules of the department, the persons and institutions described in Subsection (2) are subject to: the jurisdiction of the department; and
- Branch operations
- Examination
- Federal authorization
- Inspection
- Jurisdiction
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Utah Code § 7-1-502
The department’s jurisdiction over certain persons and institutions is limited to specified in-state or resident-related business activities and other activities not barred by U.S. law. The commissioner may still require certain books and records for inspection and examination.
- Agency jurisdiction
- Books and records
- Inspection and examination
- Mutual funds
- Records
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Utah Code § 7-1-503
This section restricts who may issue or sell certain securities and who may solicit deposits or investments in accounts or debtor-creditor instruments tied to a financial institution.
- Administrative compliance
- Banking
- Business indebtedness
- Certificate of authority
- Commissioner approval
Year unavailable
Utah Code § 7-1-505
The commissioner must issue rules and regulations for certain persons or institutions under the department’s jurisdiction that are not already regulated or supervised elsewhere in the title.
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Utah Code § 7-1-507
The commissioner must periodically assess covered institutions’ record in meeting Utah residents’ credit needs, may not impose stricter requirements than those for comparable federally chartered or federally insured depository institutions, and may order remedial action to promote credit availability.
- Banking regulation
- Credit evaluation
- Deposit solicitation
- Depository institutions
- Investment sales
Utah Code § 7-1-508
A person convicted of a felony or a misdemeanor involving fraud or dishonest conduct may not serve as an officer, director, or employee of a depository institution, or acquire control of one, unless expressly authorized by the commissioner.
- Control acquisition
- Depository institutions
- Fit and proper restrictions
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Utah Code § 7-1-510
If the commissioner finds it is in the public interest and needed to protect depositors and other customers, the commissioner may examine a financial institution holding company, require reports, issue rules, and require the company to take necessary actions.
- Financial institution supervision
- Regulatory examination
- Rulemaking
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Utah Code § 7-1-601
An adverse claimant generally cannot make the depository institution liable by notice alone; notice must come through an appropriate court order in a legal action that includes the account holder. The institution may pay the adverse claim if the claimant posts a good and sufficient bond in double the amount claimed.
- Adverse claims
- Bond indemnity
- Depository institution accounts
- Payment liability
Utah Code § 7-1-602
Final settlement of transaction account -- Limitation of action on accuracy of statement -- Duty to examine statement and notify of errors unaffected. Two years after a statement of a checking or other transaction account has been rendered
- Account statements
- Accounting
- Banking
- Depository institutions
- Limitations period
Utah Code § 7-1-603
A savings-account owner cannot sue over the correctness of a credit balance unless the action is started within six years of the credit balance date shown by the records.
- Account records
- Account statements
- Limitations period
- Passbooks
- Savings accounts
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Utah Code § 7-1-604
Savings accounts may be opened and held by adult or minor individuals, and the institution must keep, transfer, and treat them on its books in the manner stated here.
- Account ownership
- Account transfer
- Banking
- Deposit accounts
- Electronic transfer
Utah Code § 7-1-605
Special terms for a savings account must be stated clearly and truthfully in writing.
- Account terms
- Savings accounts
- Withdrawals
Year unavailable
Utah Code § 7-1-606
An institution may issue ownership certificates for savings accounts or credit union share accounts, and may use several alternative record formats at its discretion.
- Account records
- Banking
- Credit unions
- Ownership certificates
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