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Certain negotiable instruments prohibited.

Utah Code § 70C-2-204
in effect
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70C-2-204. Certain negotiable instruments prohibited. (1) With respect to a consumer credit sale not involving real property, the seller may not take a negotiable instrument under Section 70A-3-104 other than a check as evidence of the obligation of the buyer. (2) A holder is not in good faith as that term is defined in Section 70A-1a-201 if the holder takes a negotiable instrument with notice that the negotiable instrument is issued in violation of this section. (3) A holder in due course under Section 70A-3-302 is not subject to the liabilities set forth in the provisions on the effect of violations on rights of parties under Section 70C-7-201. Amended by Chapter 322, 2026 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title70C/Chapter2/70C-2-S204.html?v=C70C-2-S204_2026050620260506Fetched: 10/26/2026

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