Utah Code § 70C-1-101 Short title.
70C-1-101. Short title.
This title is known as the "Utah Consumer Credit Code."
Enacted by Chapter 159, 1985 General Session
Short Title, Construction, General Provisions
Utah Code tit. 70C, ch. 70C-1, pt. 70C-1-P1
in effectUtah Code § 70C-1-102 Purposes -- Rules of construction.
70C-1-102. Purposes -- Rules of construction.
(1) This title shall be liberally construed and applied to promote its underlying purposes and policies.
(2) The underlying purposes and policies of this title are:
(a) to further consumer understanding of the terms of credit transactions and to foster competition among suppliers of consumer credit so that consumers may obtain credit at reasonable cost;
(b) to prohibit certain unfair practices; and
(c) to avoid the duplication of laws and regulations pertaining to consumer credit between state and federal authorities and to supplement applicable federal laws and regulations.
Enacted by Chapter 159, 1985 General Session
Utah Code § 70C-1-103 General principles of law apply -- Treatment of charge or fee.
70C-1-103. General principles of law apply -- Treatment of charge or fee.
(1) Unless displaced by the particular provisions of this title, the Uniform Commercial Code and the principles of law and equity, including without limitation the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, and bankruptcy shall supplement its provisions.
(2) A charge or fee described in Section 70C-1-106 assessed by a depository institution as defined by Section 7-1-103 in accordance with this title may not be considered void as a penalty or otherwise unenforceable under statute or common law.
Amended by Chapter 180, 1999 General Session
Utah Code § 70C-1-104 Construction against implied repeal.
70C-1-104. Construction against implied repeal.
No part of this title may be deemed to be impliedly repealed by subsequent legislation if the construction can reasonably be avoided.
Enacted by Chapter 159, 1985 General Session
Utah Code § 70C-1-105 Limitations by other laws not displaced.
70C-1-105. Limitations by other laws not displaced.
This title does not displace limitations on powers an organization is authorized to exercise under the laws of this state or the United States.
Enacted by Chapter 159, 1985 General Session
Utah Code § 70C-1-106 Determination of interest rate.
70C-1-106. Determination of interest rate.
For purposes of determining the interest rate allowed by the laws of this state under Section 85 of the National Bank Act and Sections 521 and 522 of the Depository Institutions Deregulation and Monetary Control Act of 1980, all finance charges, all fees charged for participation in a credit plan, whether assessed on an annual or other periodic basis, all transaction fees, all delinquency and deferral fees, all fees charged for exceeding a designated credit limit, all fees charged for each return of a dishonored check or negotiable order of withdrawal or draft, all fees charged for stopping payment, and all other charges permitted under Section 70C-2-101 are considered to be interest under the laws of the state of Utah. Notwithstanding the foregoing, a credit plan agreement that provides for any such fees shall disclose them separately from the interest rate in a manner consistent with Regulation Z of the Board of Governors of the Federal Reserve System.
Amended by Chapter 177, 1990 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title70C/Chapter1/70C-1-P1.html?v=C70C-1-P1_1800010118000101Fetched: 10/26/2026