Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“If a deferred deposit lender collects payment electronically on a deferred deposit loan, it must on the day the loan is executed either credit the loan amount electronically to the borrower or make the amount immediately available.”
Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.
02
How the instrument operates
- 01
Start with the recorded version
Enacted 2003. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.
03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
If a deferred deposit lender collects payment electronically on a deferred deposit loan, it must on the day the loan is executed either credit the loan amount electronically to the borrower or make the amount immediately available.
Section 7-23-402
The amount of the deferred deposit loan must be credited by electronic payment to the borrower.
Section 7-23-402(1)
make the amount of the deferred deposit loan immediately available to the person receiving the deferred deposit loan.
Section 7-23-402(2)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 2003
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.