Utah Code § 7-23-402
This is the official text of Utah Code § 7-23-402, part of Utah’s Code — part of the compiled statutory law of Utah, published by the state as "Code." Browse the sections below, each linked to its official government source.
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§ 7-23-402. Electronic disbursement and collections.
Official statutory text
If a deferred deposit lender collects payment on a deferred deposit loan through an electronic payment, the deferred deposit lender shall, on the day the loan is executed: (1) credit the amount of the deferred deposit loan through an electronic payment to the person receiving the deferred deposit loan; or (2) make the amount of the deferred deposit loan immediately available to the person receiving the deferred deposit loan.
Status: in_force · Read it on the official government site
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