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6,137 statutes · page 282 of 307
United States — Utah legislation
20 statutes shown from 6,137 source-backed records
A financial institution may not operate a mobile facility in this state for deposits, check cashing, or lending unless the commissioner gives prior written approval.
A financial institution authorized to do business in this state may acquire an office of another financial institution in the state if it first gets the commissioner’s written approval.
A financial institution may convert to another class by applying for department approval. If approved, it must immediately surrender its former charter to the commissioner.
Judicial review of acts of commissioner -- Hearing by court. Any person aggrieved by any rule, regulation, order, decision, or ruling or other act or failure to act of the commissioner under this title is entitled to judicial review.
Loan production offices -- Application and procedure for approval. With the prior approval of the commissioner, a depository institution may establish one or more loan production offices. A loan production office shall be staffed and
Affiliate depository institutions acting as agents -- Notification required. Any depository institution may, at its main office or at any branch, act as an agent of any other depository institution that is a subsidiary of the same
A person may not knowingly make, circulate, transmit, or help spread false statements or rumors that are derogatory to a depository institution’s financial condition; doing so is a class B misdemeanor.
The commissioner must file and certify required reports. Most reports, records, and related information are confidential, but the section lists records and information that are public and several circumstances in which the department may disclose nonpublic information.
Conflicting interests of commissioner, supervisors, and examiners -- Loans and accounts -- Disclosure -- Penalty. Neither the commissioner nor any supervisor or examiner may do any of the following with respect to any institution under the
Money market funds may arrange with banks to honor two-party instruments. The commissioner must discourage payment of interest to two persons on transfer funds, and pyramiding or similar practices are prohibited in the state and may be punished as a class C misdemeanor.
Printed checks, drafts, and similar instruments must show the account holder’s name and address, the month and year the account was opened, and sequential numbering starting at 101, with limited countercheck exceptions.
Depository institutions must be closed to the general public on Sundays. The commissioner may also designate other closure days, and institutions must give customers or members adequate notice of changes from normal business hours.
The Division of Corporations and Commercial Code may not file certain incorporation, amendment, or restatement documents for depository institutions until the department has reviewed them and does not object.
Limited liability companies. Notwithstanding any other provision of this title and subject to Subsection (8) , if the conditions of this section are met, the following may be organized as or convert to a limited liability company under
A qualifying depository institution may conduct specified insurance activities, directly or through a subsidiary or affiliate.
This section defines “credit reporting agency” and “depository institution” for this chapter, and says the Chapter 1 definition of “depository institution” does not apply to Chapter 14.
The Legislature states that financial institutions should work together to reduce dishonored or returned payment orders, including electronic transactions, and that protection from liability is needed to support that effort.
Information an institution may furnish. Any institution doing business in the state may report to any other financial institution, or credit reporting agency the following: that an account maintained to effect third party payment
A depository institution is not liable to any person for an authorized report or communication of information, or for any error or omission in it.
Financial institutions may agree with other financial institutions to reciprocally exchange information that this chapter authorizes to be reported.
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