Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“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”
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 2020. 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
Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.
- 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.
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
Section 7-26-201
delay the wire transfer; and
Section 7-26-201(2)(a)
a law enforcement agency;
Section 7-26-201(2)(b)(i)
The delay on a wire transfer ends when either the covered financial institution reasonably decides the transfer is not financial exploitation, or 15 business days pass after the delay began.
Section 7-26-201(3)
A 15-business-day period runs from the day the covered financial institution first began delaying the wire transfer.
Section 7-26-201(3)(b)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 2020
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.