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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-24-203, 2003

The department must adopt a title-loan disclosure form and set by rule what it must say, its type size, and how a title lender must conspicuously provide it to a person seeking a title loan.

Source excerpt

consumer creditconsumer disclosurecredit counselingdisclosure formsfinancial counselingloan disclosurestitle loan default consequencestitle loans
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 2003
Dates
Enacted 2003
More statute details
Dates
Enacted 2003
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Professional statute overview

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01

Purpose and legislative effect

“The department must adopt a title-loan disclosure form and set by rule what it must say, its type size, and how a title lender must conspicuously provide it to a person seeking a title loan.”

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02

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    Enacted 2003. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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03

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Disclosure form for title loans.

The department must adopt a title-loan disclosure form and set by rule what it must say, its type size, and how a title lender must conspicuously provide it to a person seeking a title loan.

Section 7-24-203

Subsection 7-24-203(2)

The department must set by rule what information must appear in a disclosure form for title loans, and title lenders must conspicuously provide that form to a person seeking a title loan.

Section 7-24-203(2)

Subsection 7-24-203(2)(c)

A title lender must conspicuously provide the disclosure form to a person seeking a title loan.

Section 7-24-203(2)(c)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Enacted 2003

In force

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Official record

Source-indexed provision map

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Showing 10 of 10 provisions

Provision 10

Part 7-24-2

part 7-24-2 Requirements

§ 7-24-203Disclosure form for title loans.Provision

Source excerpt

The department must adopt a title-loan disclosure form and set by rule what it must say, its type size, and how a title lender must conspicuously provide it to a person seeking a title loan.

Disclosure form for title loans. In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , the department shall adopt a disclosure form for title loans that complies with this section. The department shall specify by rule: the information to be provided in the disclosure form including: the costs of obtaining a title loan; the consequences of defaulting on a title loan; generally available alternatives to a title loan; and methods of obtaining credit counseling or other financial advice; the type size of the disclosure form; and the manner in which a title lender shall conspicuously provide the disclosure form to a person seeking a title loan.
Section 7-24-203Verify source
§ 7-24-203(1)Subsection 7-24-203(1)Provision

Source excerpt

The department must adopt a disclosure form for title loans that complies with this section.

In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , the department shall adopt a disclosure form for title loans that complies with this section.
Section 7-24-203(1)Verify source
§ 7-24-203(2)Subsection 7-24-203(2)Provision

Source excerpt

The department must set by rule what information must appear in a disclosure form for title loans, and title lenders must conspicuously provide that form to a person seeking a title loan.

The department shall specify by rule: the information to be provided in the disclosure form including: the costs of obtaining a title loan; the consequences of defaulting on a title loan; generally available alternatives to a title loan; and methods of obtaining credit counseling or other financial advice; the type size of the disclosure form; and the manner in which a title lender shall conspicuously provide the disclosure form to a person seeking a title loan.
Section 7-24-203(2)Verify source
§ 7-24-203(2)(a)Subsection 7-24-203(2)(a)Provision

Source excerpt

the information to be provided in the disclosure form including: the costs of obtaining a title loan; the consequences of defaulting on a title loan; generally available alternatives to a title loan; and methods of obtaining credit

the information to be provided in the disclosure form including: the costs of obtaining a title loan; the consequences of defaulting on a title loan; generally available alternatives to a title loan; and methods of obtaining credit counseling or other financial advice;
Section 7-24-203(2)(a)Verify source
§ 7-24-203(2)(a)(i)Subsection 7-24-203(2)(a)(i)Provision

Source excerpt

the costs of obtaining a title loan;

the costs of obtaining a title loan;
Section 7-24-203(2)(a)(i)Verify source
§ 7-24-203(2)(a)(ii)Subsection 7-24-203(2)(a)(ii)Provision

Source excerpt

the consequences of defaulting on a title loan;

the consequences of defaulting on a title loan;
Section 7-24-203(2)(a)(ii)Verify source
§ 7-24-203(2)(a)(iii)Subsection 7-24-203(2)(a)(iii)Provision

Source excerpt

generally available alternatives to a title loan; and

generally available alternatives to a title loan; and
Section 7-24-203(2)(a)(iii)Verify source
§ 7-24-203(2)(a)(iv)Subsection 7-24-203(2)(a)(iv)Provision

Source excerpt

methods of obtaining credit counseling or other financial advice;

methods of obtaining credit counseling or other financial advice;
Section 7-24-203(2)(a)(iv)Verify source
§ 7-24-203(2)(b)Subsection 7-24-203(2)(b)Provision

Source excerpt

the type size of the disclosure form; and

the type size of the disclosure form; and
Section 7-24-203(2)(b)Verify source
§ 7-24-203(2)(c)Subsection 7-24-203(2)(c)Provision

Source excerpt

A title lender must conspicuously provide the disclosure form to a person seeking a title loan.

the manner in which a title lender shall conspicuously provide the disclosure form to a person seeking a title loan.
Section 7-24-203(2)(c)Verify source

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