Esheria Esheria Statutes
Ask AI Sign in

United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-27-102, 2022

This section says the chapter does not apply to several listed providers and commercial financing transactions.

Source excerpt

commercial financingleasingmotor vehicle dealermotor vehicle rental companyreal property securitysale of products or services
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 2022
Dates
Enacted 2022
More statute details
Dates
Enacted 2022
On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“This section says the chapter does not apply to several listed providers and commercial financing transactions.”

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

  1. 01

    Start with the recorded version

    Enacted 2022. The date shown identifies this source expression and should not be treated as proof that no later change exists.

  2. 02

    Locate the controlling provision

    Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.

  3. 03

    Read conditions and exceptions together

    Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.

  4. 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.

Application.

This section says the chapter does not apply to several listed providers and commercial financing transactions.

Section 7-27-102

Subsection 7-27-102(7)

This text identifies a commercial financing transaction that is a lease under Section 70A-2a-103.

Section 7-27-102(7)

Subsection 7-27-102(11)

This text identifies a commercial financing transaction above $1,000,000.

Section 7-27-102(11)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Enacted 2022

In force

This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Showing 23 of 23 provisions

Provision 23

Part 7-27-1

part 7-27-1 General Provisions

§ 7-27-102Application.Provision

Source excerpt

This section says the chapter does not apply to several listed providers and commercial financing transactions.

Application. The provisions of this chapter do not apply to: a provider that is a depository institution; a provider that is: a subsidiary of a depository institution; or a service corporation for a depository institution; and regulated by a federal banking agency; a provider that is regulated under the federal Farm Credit Act 12 U.S.C. Sec. 2001 et seq.; a provider that is licensed as a money transmitter in accordance with Chapter 25, Money Transmitter Act ; a provider that consummates five or fewer commercial financing products in the state during any 12 month period; a commercial financing transaction secured by real property; a commercial financing transaction that is a lease as defined in Section 70A-2a-103 ; a commercial financing transaction that is a purchase-money obligation as defined in Section 70A-9a-103 ; a commercial financing transaction that: involves a commercial loan or a commercial open-end credit plan; is $50,000 or more; and extends the commercial loan or the commercial open-end credit plan to: a motor vehicle dealer or the motor vehicle dealer's affiliate; or a motor vehicle rental company as defined in Section 13-48-103 or the motor vehicle rental company's affiliate; a commercial financing transaction offered by a person in connection with the sale of a product or service that: the person manufactures, licenses, or distributes; or the person's parent company or the person's owned and controlled subsidiary manufactures, licenses, or distributes; or a commercial financing transaction of more than $1,000,000.
Section 7-27-102Verify source
§ 7-27-102(1)Subsection 7-27-102(1)Provision

Source excerpt

a provider that is a depository institution;

a provider that is a depository institution;
Section 7-27-102(1)Verify source
§ 7-27-102(2)Subsection 7-27-102(2)Provision

Source excerpt

This provision identifies a provider as one that is a subsidiary of a depository institution or a service corporation for a depository institution, and that is regulated by a federal banking agency.

a provider that is: a subsidiary of a depository institution; or a service corporation for a depository institution; and regulated by a federal banking agency;
Section 7-27-102(2)Verify source
§ 7-27-102(2)(a)Subsection 7-27-102(2)(a)Provision

Source excerpt

a subsidiary of a depository institution; or a service corporation for a depository institution; and

a subsidiary of a depository institution; or a service corporation for a depository institution; and
Section 7-27-102(2)(a)Verify source
§ 7-27-102(2)(a)(i)Subsection 7-27-102(2)(a)(i)Provision

Source excerpt

a subsidiary of a depository institution; or

a subsidiary of a depository institution; or
Section 7-27-102(2)(a)(i)Verify source
§ 7-27-102(2)(a)(ii)Subsection 7-27-102(2)(a)(ii)Provision

Source excerpt

a service corporation for a depository institution; and

a service corporation for a depository institution; and
Section 7-27-102(2)(a)(ii)Verify source
§ 7-27-102(2)(b)Subsection 7-27-102(2)(b)Provision

Source excerpt

The activity or entity is regulated by a federal banking agency.

regulated by a federal banking agency;
Section 7-27-102(2)(b)Verify source
§ 7-27-102(3)Subsection 7-27-102(3)Provision

Source excerpt

A provider regulated under the federal Farm Credit Act is referenced.

a provider that is regulated under the federal Farm Credit Act 12 U.S.C. Sec. 2001 et seq.;
Section 7-27-102(3)Verify source
§ 7-27-102(4)Subsection 7-27-102(4)Provision

Source excerpt

A provider must be licensed as a money transmitter under Chapter 25, Money Transmitter Act.

a provider that is licensed as a money transmitter in accordance with Chapter 25, Money Transmitter Act ;
Section 7-27-102(4)Verify source
§ 7-27-102(5)Subsection 7-27-102(5)Provision

Source excerpt

A provider that consummates five or fewer commercial financing products in the state during any 12-month period.

a provider that consummates five or fewer commercial financing products in the state during any 12 month period;
Section 7-27-102(5)Verify source
§ 7-27-102(6)Subsection 7-27-102(6)Provision

Source excerpt

a commercial financing transaction secured by real property;

a commercial financing transaction secured by real property;
Section 7-27-102(6)Verify source
§ 7-27-102(7)Subsection 7-27-102(7)Provision

Source excerpt

This text identifies a commercial financing transaction that is a lease under Section 70A-2a-103.

a commercial financing transaction that is a lease as defined in Section 70A-2a-103 ;
Section 7-27-102(7)Verify source
§ 7-27-102(8)Subsection 7-27-102(8)Provision

Source excerpt

a commercial financing transaction that is a purchase-money obligation as defined in Section 70A-9a-103 ;

a commercial financing transaction that is a purchase-money obligation as defined in Section 70A-9a-103 ;
Section 7-27-102(8)Verify source
§ 7-27-102(9)Subsection 7-27-102(9)Provision

Source excerpt

A commercial financing transaction must involve a commercial loan or open-end credit plan, be at least $50,000, and be extended to a motor vehicle dealer, its affiliate, a motor vehicle rental company, or that company’s affiliate.

a commercial financing transaction that: involves a commercial loan or a commercial open-end credit plan; is $50,000 or more; and extends the commercial loan or the commercial open-end credit plan to: a motor vehicle dealer or the motor vehicle dealer's affiliate; or a motor vehicle rental company as defined in Section 13-48-103 or the motor vehicle rental company's affiliate;
Section 7-27-102(9)Verify source
§ 7-27-102(9)(a)Subsection 7-27-102(9)(a)Provision

Source excerpt

involves a commercial loan or a commercial open-end credit plan;

involves a commercial loan or a commercial open-end credit plan;
Section 7-27-102(9)(a)Verify source
§ 7-27-102(9)(b)Subsection 7-27-102(9)(b)Provision

Source excerpt

A threshold of $50,000 or more is stated.

is $50,000 or more; and
Section 7-27-102(9)(b)Verify source
§ 7-27-102(9)(c)Subsection 7-27-102(9)(c)Provision

Source excerpt

extends the commercial loan or the commercial open-end credit plan to: a motor vehicle dealer or the motor vehicle dealer's affiliate; or a motor vehicle rental company as defined in Section 13-48-103 or the motor vehicle rental company's

extends the commercial loan or the commercial open-end credit plan to: a motor vehicle dealer or the motor vehicle dealer's affiliate; or a motor vehicle rental company as defined in Section 13-48-103 or the motor vehicle rental company's affiliate;
Section 7-27-102(9)(c)Verify source
§ 7-27-102(9)(c)(i)Subsection 7-27-102(9)(c)(i)Provision

Source excerpt

a motor vehicle dealer or the motor vehicle dealer's affiliate; or

a motor vehicle dealer or the motor vehicle dealer's affiliate; or
Section 7-27-102(9)(c)(i)Verify source
§ 7-27-102(9)(c)(ii)Subsection 7-27-102(9)(c)(ii)Provision

Source excerpt

This provision identifies a motor vehicle rental company defined in Section 13-48-103, or its affiliate.

a motor vehicle rental company as defined in Section 13-48-103 or the motor vehicle rental company's affiliate;
Section 7-27-102(9)(c)(ii)Verify source
§ 7-27-102(10)Subsection 7-27-102(10)Provision

Source excerpt

a commercial financing transaction offered by a person in connection with the sale of a product or service that: the person manufactures, licenses, or distributes; or the person's parent company or the person's owned and controlled

a commercial financing transaction offered by a person in connection with the sale of a product or service that: the person manufactures, licenses, or distributes; or the person's parent company or the person's owned and controlled subsidiary manufactures, licenses, or distributes; or
Section 7-27-102(10)Verify source
§ 7-27-102(10)(a)Subsection 7-27-102(10)(a)Provision

Source excerpt

the person manufactures, licenses, or distributes; or

the person manufactures, licenses, or distributes; or
Section 7-27-102(10)(a)Verify source
§ 7-27-102(10)(b)Subsection 7-27-102(10)(b)Provision

Source excerpt

the person's parent company or the person's owned and controlled subsidiary manufactures, licenses, or distributes; or

the person's parent company or the person's owned and controlled subsidiary manufactures, licenses, or distributes; or
Section 7-27-102(10)(b)Verify source
§ 7-27-102(11)Subsection 7-27-102(11)Provision

Source excerpt

This text identifies a commercial financing transaction above $1,000,000.

a commercial financing transaction of more than $1,000,000.
Section 7-27-102(11)Verify source

Legislative relationships

0 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

No structured legislative relationships were detected

The statute remains fully searchable by provision. Consult the source text for amendments and cross-references that have not yet been indexed.

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • Undated version · currentEnglish · In force

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

About this LexChat collection

Statute information is organised from identified legislative sources for professional research. Corrections can be reported to hello@esheria.ai.