Browse 6,137 source-backed statutes, open stored provisions and move directly into source-grounded legal research.
6,137 statutes · page 289 of 307
United States — Utah legislation
20 statutes shown from 6,137 source-backed records
If the commissioner has reasonable cause to believe a licensee is unsafe, unsound, or unable to pay payment instruments when due, the commissioner may require a deposit and may limit the licensee’s issuance of payment instruments.
Title. This chapter is known as the "Financial Exploitation Prevention Act."
This section defines terms used in the chapter, including covered financial institution, financial exploitation, qualified individual, third party associated with a vulnerable adult, transaction, and vulnerable adult.
Permitted delay of wire transfers. This section applies to a wire transfer that transfers money from a consumer account at a covered financial institution. If a qualified individual reasonably believes that executing a requested wire
The Office of the Attorney General must post up-to-date information about financial scams on its website.
Delay of a transaction involving a vulnerable adult. A covered financial institution may delay a transaction involving a vulnerable adult, if: a qualified individual reasonably believes that executing the requested transaction will result
A covered financial institution may notify law enforcement, Adult Protective Services, or an associated third party when a qualified individual believes vulnerable-adult financial exploitation is occurring, has occurred, or may occur.
Covered financial institutions and specified representatives have no duty to act under this chapter to protect a vulnerable adult from financial exploitation, and they are generally immune from liability for not taking permissive action.
This section defines key terms used in the chapter, including accounts receivable purchase transaction, broker, business, business purpose transaction, commercial financing transaction, commercial loan, commercial open-end credit plan, motor vehicle dealer, and provider.
This section says the chapter does not apply to several listed providers and commercial financing transactions.
A person may not, from January 1, 2023, act as a provider in a commercial financing transaction in Utah or with a Utah resident unless registered and keeping the registration valid.
A provider must disclose specified terms and cost information before a commercial financing transaction is completed, and the transaction agreement must explain how variable payments are calculated.
The department may respond to complaints, seek voluntary compliance, or start administrative or judicial proceedings to enforce this chapter. A person who violates the chapter is subject to civil penalties, with higher penalties after written notice of a prior violation.
Definitions. As used in this chapter: "Account agreement" means an agreement that: is in a record between a bank and one or more depositors; may have one or more beneficiaries as additional parties; and states the intention of the parties
This chapter applies to a special deposit under an account agreement that states the parties’ intent to create a special deposit governed by this chapter. The parties may choose a forum in this state for disputes arising from the special deposit, even without a reasonable relation to this state.
This section limits when agreement terms may change the effect of specified sections and when a bank and depositor may amend an account agreement without a beneficiary’s consent.
A deposit counts as a special deposit only if it meets all stated conditions.
A special deposit must keep at least one permissible purpose in its account agreement until it ends.
Payment to beneficiary by bank. Unless the account agreement provides otherwise, the bank is obligated to pay a beneficiary if there are sufficient actually and finally collected funds in the balance of the special deposit. Except as
A depositor or beneficiary has no property interest in a special deposit.
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