Utah Code — 7
Browse 367 sections in division 7 of the Utah code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 7-1-101. Title.
- § 7-1-102. Legislative findings, purpose, and intent.
- § 7-1-103. Definitions.
- § 7-1-103.5. Control.
- § 7-1-104. Exemptions from application of title.
- § 7-1-105. Procedures -- Adjudicative proceedings.
- § 7-1-106. Venue for action or petition brought by commissioner.
- § 7-1-201. Creation of department -- Organization.
- § 7-1-202. Commissioner of financial institutions as executive officer -- Appointment -- Term -- Salary -- Qualifications.
- § 7-1-203. Board of Financial Institutions.
- § 7-1-204. Chief examiner -- Powers and duties.
- § 7-1-205. Supervisor of banks -- Responsibilities.
- § 7-1-207. Supervisor of industrial banks -- Responsibilities.
- § 7-1-208. Supervisor of credit unions -- Responsibilities.
- § 7-1-208.1. Supervisor of holding companies -- Qualifications -- Responsibilities.
- § 7-1-208.2. Deputy commissioner.
- § 7-1-208.3. Supervisor of money services businesses.
- § 7-1-209. Additional supervisors, examiners, and other personnel -- Compensation -- Travel expenses.
- § 7-1-210. Records of department required.
- § 7-1-211. Reports of commissioner to governor and Legislature.
- § 7-1-212. Background checks for employees.
- § 7-1-213. Compliance with training and certification requirements.
- § 7-1-301. Powers and duties of commissioner -- Rulemaking.
- § 7-1-302. Review of supervisor's action by commissioner.
- § 7-1-303. Joint operations and information exchange by institutions.
- § 7-1-304. Civil actions against unauthorized operations.
- § 7-1-305. Final decisions on applications for new institutions, branches, relocation, merger, consolidation, acquisition and changes in control of financial institutions.
- § 7-1-307. Cease and desist orders -- Procedure for issuance.
- § 7-1-308. Suspension or removal of director or officer -- Grounds -- Procedure for issuance of order.
- § 7-1-309. Hearings by commissioner -- Discretion of commissioner -- Procedure -- Judicial review.
- § 7-1-310. Subpoena power of commissioner.
- § 7-1-311. Moratoriums on applications for new depository institutions or branches.
- § 7-1-312. Reports required of large stockholders of financial institutions as to loans secured by stock.
- § 7-1-313. Requiring remedial action by institution in or about to be in unsound condition -- Assistance by insurers.
- § 7-1-314. Examination of institutions by commissioner or supervisor.
- § 7-1-315. Examination by board of directors required -- Report.
- § 7-1-316. Forms for reports required from institutions.
- § 7-1-317. Reports of condition called for by commissioner.
- § 7-1-318. Reports of condition -- Form -- Falsification or failure to file.
- § 7-1-319. Notice to county attorney or district attorney of criminal violations -- Attorney general to conduct actions commenced by commissioner -- Assistance of county attorney or district attorney.
- § 7-1-320. Actions to enjoin violations -- Bond not required -- Recovery -- Attorney fees.
- § 7-1-321. Powers and duties of commissioner to carry out purposes of title.
- § 7-1-322. Orders of commissioner -- Writing -- Service -- Contents -- Enforcement.
- § 7-1-323. Regulation of interstate operations -- Coordination of efforts.
- § 7-1-324. Debt cancellation agreements and debt suspension agreements.
- § 7-1-325. Compliance with applicable federal law.
- § 7-1-401. Fees payable to commissioner.
- § 7-1-402. Time for payment of fees -- Schedule of additional fees -- Revocation of permit or license for failure to pay fees.
- § 7-1-403. Funds and balances paid to treasurer -- Separate account -- Use of funds.
- § 7-1-501. Institutions and persons subject to jurisdiction of department.
- § 7-1-502. Limitations on jurisdiction of department.
- § 7-1-503. Regulation of sale by financial institution of its securities -- Solicitation of deposit accounts restricted -- Violations.
- § 7-1-505. Rules and regulations governing persons or institutions not regulated under other chapters of title.
- § 7-1-507. Assessing institution's record in meeting credit needs -- Requirements -- Remedial order.
- § 7-1-508. Conviction for fraud or dishonest conduct as disqualification to serve as officer, director or employee or to take control of a depository institution -- Violation as misdemeanor.
- § 7-1-510. Examination of institutions -- Adoption of rules -- Requiring actions by institutions.
- § 7-1-601. Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment.
- § 7-1-602. Final settlement of transaction account -- Limitation of action on accuracy of statement -- Duty to examine statement and notify of errors unaffected.
- § 7-1-603. Final settlement of savings account -- Limitation of action on accuracy of statement.
- § 7-1-604. Savings accounts -- Qualifications to hold -- Representation -- Transfer -- Holder treated as owner -- Exception.
- § 7-1-605. Savings accounts -- Special terms to be in writing.
- § 7-1-606. Savings accounts and credit union share accounts -- Form of ownership certificate.
- § 7-1-607. Lost or destroyed account book or certificate.
- § 7-1-608. School or institutional savings plans authorized.
- § 7-1-609. Payroll deduction savings -- Direct deposit of wages.
- § 7-1-610. Attorney-in-fact as to savings account -- Institution immune from liability.
- § 7-1-611. Deposit accounts of minors or married persons.
- § 7-1-612. Pledge or hypothecation of joint savings accounts.
- § 7-1-613. Incompetency of savings account owner.
- § 7-1-616. Authority to accept transaction accounts -- Payment of instruments.
- § 7-1-617. No concentration limit under state law.
- § 7-1-618. Deposit production offices prohibited.
- § 7-1-619. Savings promotion programs.
- § 7-1-701. Representing and transacting business as financial institution restricted -- Restricted names -- Penalty.
- § 7-1-702. Interstate acquisition, merger, and branching.
- § 7-1-703. Restrictions on acquisition of institutions and holding companies -- Enforcement.
- § 7-1-704. Authorization required to engage in business -- Exemptions -- Procedure.
- § 7-1-705. Approval required for certain transactions -- Application -- Grounds for disapproval.
- § 7-1-706. Application to commissioner to exercise power -- Procedure -- Notice.
- § 7-1-708. Establishing branches and relocating offices -- Application and procedure for approval -- Nonexempt credit unions.
- § 7-1-709. Branches -- Discontinuance of operation.
- § 7-1-710. "Agency" defined -- Purposes and establishment of agency.
- § 7-1-711. Mobile facilities -- Approval required for operation.
- § 7-1-712. Acquisition of office of another financial institution.
- § 7-1-713. Conversion of financial institution -- Approval required -- Procedure -- Federal-state conversion.
- § 7-1-714. Judicial review of acts of commissioner -- Hearing by court.
- § 7-1-715. Loan production offices -- Application and procedure for approval.
- § 7-1-716. Affiliate depository institutions acting as agents -- Notification required.
- § 7-1-801. False statement derogatory to financial condition of depository institution a misdemeanor -- Exemptions.
- § 7-1-802. Confidentiality of information received by department -- Availability of information.
- § 7-1-803. Conflicting interests of commissioner, supervisors, and examiners -- Loans and accounts -- Disclosure -- Penalty.
- § 7-1-806. Money market funds arranging with bank to honor two-party instruments -- Discouraging payment of interest to two persons on funds in transit -- Pyramiding and similar schemes as misdemeanors.
- § 7-1-807. Printed checks, drafts and orders -- Requirements -- Violation as misdemeanor.
- § 7-1-808. Closing days for depository institutions.
- § 7-1-809. Articles of incorporation -- Amended or restated articles of incorporation -- Prerequisites to filing.
- § 7-1-810. Limited liability companies. (Superseded 10/1/2026)
- § 7-1-810. Limited liability companies. (Effective 10/1/2026)
- § 7-1-901. Authorized insurance activities of depository institutions.
- § 7-1-1001. Definitions -- Written consent or court order for disclosure by financial institution -- Exception.
- § 7-1-1002. Notice to person about whom information sought.
- § 7-1-1003. Intervention to challenge or stay order -- Burden on governmental entity.
- § 7-1-1004. Reimbursement of financial institution for costs of obtaining information.
- § 7-1-1005. Admissibility of information restricted.
- § 7-1-1006. Inapplicable to certain official investigations.
- § 7-1-1007. Liability of financial institutions.
- § 7-2-1. Supervisory actions by commissioner -- Grounds -- Mergers or acquisitions authorized by commissioner -- Possession of business and property taken by commissioner.
- § 7-2-2. Action to review the commissioner's actions -- Supervision of actions of commissioner in possession -- Authority of commissioner and court.
- § 7-2-3. Action for injunction against commissioner in possession -- Procedure -- Appeal.
- § 7-2-4. Consent required for institution to resume business.
- § 7-2-5. Appointment of receiver or assignment for creditors -- Notice required -- Commissioner taking possession.
- § 7-2-6. Possession by commissioner -- Notice -- Presentation, allowance, and disallowance of claims -- Objections to claims.
- § 7-2-7. Stay of proceedings against institution -- Relief.
- § 7-2-8. Special deputies or agents -- Appointment -- Bond.
- § 7-2-9. Conservatorship, receivership, or liquidation of institution -- Appointment of receiver -- Review of actions.
- § 7-2-10. Inventory of assets -- Listings of claims -- Report of proceedings -- Filing -- Inspection.
- § 7-2-11. Special counsel -- Employment by attorney general.
- § 7-2-12. Powers of commissioner in possession -- Sale of assets -- Postpossession financing -- New deposit instruments -- Executory contracts -- Transfer of property -- Avoidance of transfers -- Avoidable preferences -- Setoff.
- § 7-2-13. Collections in liquidation -- Deposit -- Preference.
- § 7-2-14. Expenses during possession.
- § 7-2-15. Priority of obligations, expenses, and claims -- Distribution of balance of assets.
- § 7-2-16. Interim ratable dividends.
- § 7-2-17. Disposition of records after liquidation.
- § 7-2-18. Plan for reorganization or liquidation of institution -- Hearing -- Procedure -- Effect -- Appeals.
- § 7-2-19. Suspension of payments by institution -- Order of commissioner -- Approval of governor -- Period effective -- Exempt payments -- Operation during suspension -- Modification of orders -- Adoption of rules and regulations.
- § 7-2-21. Applicability of Utah Procurement Code.
- § 7-2-22. Termination of authority to transact business.
- § 7-2-23. Limitation of action -- Tolling of period.
- § 7-3-1. Application of chapter.
- § 7-3-2. Restrictions on conduct of banking business.
- § 7-3-3. "Banking business" defined -- Credit card banks -- Insurance of deposit accounts.
- § 7-3-3.2. Securities business permitted -- Activities conducted by subsidiary -- Disclosure statements required.
- § 7-3-10. Organization -- Powers, rights, and privileges of banking corporation -- Other business activities. (Superseded 10/1/2026)
- § 7-3-10. Organization -- Powers, rights, and privileges of banking corporation -- Other business activities. (Effective 10/1/2026)
- § 7-3-12. Prohibited investments and loans.
- § 7-3-13. Changes in articles of incorporation restricted.
- § 7-3-15. Dividends allowed -- Surplus requirements.
- § 7-3-18. Real estate acquisition, holding, and conveyance.
- § 7-3-19. Limitations on loans and extensions of credit.
- § 7-3-20. Bank acquiring, holding, or accepting as collateral its own stock.
- § 7-3-21. Stock ownership by banks.
- § 7-3-22. Certificates and evidences of deposit binding -- Issuance of items intended to circulate as money prohibited.
- § 7-3-24. Certification of check.
- § 7-3-25. Bad debts.
- § 7-3-26. Overdraft as asset.
- § 7-3-28. Capital notes or debentures.
- § 7-3-30. Board of directors to manage business -- Residency of directors.
- § 7-3-31. Oath of bank directors.
- § 7-3-32. Meetings of board of directors -- Reports -- Records -- Loans to officers, directors and principal shareholders.
- § 7-3-33. Examination of affairs by board of directors -- Purposes -- Frequency -- Report filed in bank records.
- § 7-3-34. Contents of examination report of board of directors -- Failure to make and file report as misdemeanor.
- § 7-3-35. Examinations in lieu of directors' examination -- Report filed with board minutes.
- § 7-3-36. Loans to officers, directors and stockholders.
- § 7-3-39. Shareholders' right to examine bank records -- Records as to a particular customer.
- § 7-5-101. Definitions.
- § 7-5-102. Allowable trust companies -- Exceptions.
- § 7-5-103. Permit required to engage in trust business -- Exceptions.
- § 7-5-104. Application for authorization to engage in trust business -- Criteria for granting -- Authority of trust company.
- § 7-5-105. Withdrawal from trust business.
- § 7-5-106. Revocation of trust authority -- Procedure -- Violations.
- § 7-5-107. Confidentiality of communications and writings concerning trust -- Actions to protect property or authorized under probate laws not precluded.
- § 7-5-108. Management and investment of trust money.
- § 7-5-109. Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.
- § 7-5-110. Registration of investment in name of nominee -- Records -- Possession of investment.
- § 7-5-111. Lending trust funds to trust company, officer, director, or employee a felony.
- § 7-5-112. Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.
- § 7-5-113. Directors' audit of trust business -- Report available to commissioner or examiners -- Examinations in lieu of audit.
- § 7-5-114. Collective investment funds.
- § 7-5-115. Mergers, consolidations, acquisitions, transfers, or reorganizations involving entities engaged in trust business -- Succession of rights and duties -- Petition for appointment of another trust company.
- § 7-5-116. Assets of trust company in possession of the commissioner.
- § 7-8-3. Organization -- Authorization to conduct business -- Deposit insurance. (Superseded 10/1/2026)
- § 7-8-3. Organization -- Authorization to conduct business -- Deposit insurance. (Effective 10/1/2026)
- § 7-8-5. Acquisition of own stock restricted -- Capital requirements.
- § 7-8-7. Reports to commissioner.
- § 7-8-11. Dividends.
- § 7-8-13. Real estate acquisition, holding, and conveyance.
- § 7-8-14. Investment in property used in conduct of business.
- § 7-8-15. Bad debts.
- § 7-8-16. Registration of industrial bank holding company -- Filing and contents of statement -- Exemptions -- Rules.
- § 7-8-19. Meetings of the board of directors.
- § 7-8-20. Limitations on loans to one borrower -- Exceptions -- Rules.
- § 7-8-21. Application of chapter to industrial loan companies.
- § 7-9-1. Title.
- § 7-9-2. Description of credit unions.
- § 7-9-3. Definitions.
- § 7-9-5. Powers of credit unions.
- § 7-9-6. Formation of corporation to conduct credit union -- Approval of commissioner.
- § 7-9-7. Forms furnished by commissioner.
- § 7-9-9. Amendment of articles of incorporation.
- § 7-9-10. Filing amendment.
- § 7-9-11. Bylaws and amendments to be approved.
- § 7-9-12. Contents of bylaws.
- § 7-9-13. Fiscal year.
- § 7-9-14. Meetings.
- § 7-9-15. Appeals from board of directors or committees.
- § 7-9-16. Members -- Eligibility -- Liability -- Grounds for closing account -- Denial of membership.
- § 7-9-17. Membership officer -- Appointment -- Eligibility -- Function -- Appeals from.
- § 7-9-18. Expulsion of member.
- § 7-9-19. Payments to expelled members -- Liability of member not relieved by expulsion.
- § 7-9-20. Board of directors -- Powers and duties -- Loan limitations.
- § 7-9-21. Executive officers -- Election -- Power -- Terms.
- § 7-9-22. Credit committee -- Credit manager.
- § 7-9-23. Supervisory committee -- Duties -- Suspension or removal of officer, director, or credit committee member.
- § 7-9-24. Compensation of directors, committee members, and president -- Expense reimbursement.
- § 7-9-25. Shares -- Number unlimited -- Subscription and payment -- Par value -- Ownership required for membership -- Dormant accounts.
- § 7-9-26. Loans to members -- Investment officers -- Investments.
- § 7-9-27. Dividends -- Interest refunds.
- § 7-9-28. Loan to credit union official.
- § 7-9-29. Allowance account for loan losses.
- § 7-9-30. Reserve requirements -- "Risk assets" defined.
- § 7-9-31. Shares held in trust.
- § 7-9-32. Joint accounts -- Accounts providing for payment to designated person on death of owner or owners.
- § 7-9-33. Lien and right of set off of credit union.
- § 7-9-34. Tax exemption of credit unions.
- § 7-9-36. Dissolution.
- § 7-9-37. Transfer of members of dissolved, merged, consolidated, transferred, or acquired credit union.
- § 7-9-39. Voluntary merger.
- § 7-9-39.5. Supervisory merger.
- § 7-9-42. Record requirements.
- § 7-9-44. Corporate central credit union.
- § 7-9-45. Insurance of shares and deposits -- Security on shares and deposits.
- § 7-9-46. Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.
- § 7-9-48. Disclosure of share and deposit insurance -- Disclosure if secured through securities.
- § 7-9-49. Limitation of personal liability of directors and committee members.
- § 7-9-50. General limitation on liability.
- § 7-9-51. Field of membership.
- § 7-9-52. Expansion of a field of membership.
- § 7-9-53. Grandfathering.
- § 7-9-55. Nonexempt credit unions.
- § 7-9-58. Limitations on credit extended by nonexempt credit unions.
- § 7-9-59. Credit union service organizations -- Limitations on providing services through other entities.
- § 7-14-1. Definitions.
- § 7-14-2. Legislative findings.
- § 7-14-3. Information an institution may furnish.
- § 7-14-4. Immunity from liability.
- § 7-14-5. Reciprocal exchange of information authorized.
- § 7-15-1. Definitions -- Civil liability of issuer -- Notice of action -- Collection costs -- Exemptions.
- § 7-15-2. Notice -- Form.
- § 7-15-3. Liability of financial institution upon wrongful dishonor.
- § 16a-101. Title.
- § 16a-102. Definitions.
- § 16a-103. Application of chapter.
- § 16a-201. Authority to operate an automated teller machine.
- § 16a-202. Powers of depository institutions operating automated teller machines -- Fees or surcharges.
- § 16a-203. Contractual waiver of Uniform Commercial Code provisions.
- § 16a-204. Department notification requirements.
- § 7-17-1. Effect of act.
- § 7-17-2. Definitions.
- § 7-17-3. Lender to pay interest -- Exceptions -- Service charges prohibited.
- § 7-17-4. Options in lieu of reserve account -- Notice by lender -- Selection by borrower -- Noninterest-bearing reserve account -- Exemption.
- § 7-17-5. Statements.
- § 7-17-6. Liability of lender for failure to pay taxes, insurance premiums, or other charges.
- § 7-17-7. Limit on amount borrower required to pay into account -- Deficiency -- Method of recouping and remedies for default.
- § 7-17-8. Damages for lender's violation of act -- Limitations on recovery.
- § 7-17-9. Actions on accounts established prior to 1979 -- Limitations on recovery.
- § 7-17-10. Applicability of act to accounts and actions thereon.
- § 18a-101. Title.
- § 18a-102. Definitions.
- § 18a-103. Application of Utah Revised Business Corporation Act.
- § 18a-104. Application of Utah Financial Institutions Act.
- § 18a-201. Authorization required to transact business as a foreign depository institution agency, branch, or representative office.
- § 18a-202. Application and fee to establish, relocate, or discontinue a foreign depository institution agency, branch, or representative office -- Certificate of authority.
- § 18a-203. No concurrent maintenance of agencies or branches.
- § 18a-204. Filing of amendments to articles of incorporation.
- § 18a-205. Amended certificate of authority to establish an agency, branch, or representative office.
- § 18a-206. Change of control of foreign depository institution.
- § 18a-207. Annual renewal of certificate of authority.
- § 18a-301. Powers of an agency, branch, or representative office of a foreign depository institution.
- § 18a-302. Trust business.
- § 18a-401. Separate assets.
- § 18a-402. Disclosure of lack of deposit insurance.
- § 18a-403. Asset maintenance.
- § 18a-501. Supervisory actions by commissioner.
- § 18a-502. Distribution of balance of assets.
- § 7-19-1. Definitions.
- § 7-19-2. Supervisory acquisition or merger authorized or required by commissioner.
- § 7-19-3. Waiver of procedures.
- § 7-19-4. Rights and powers of acquired or resulting institution or holding company.
- § 7-19-5. Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner.
- § 7-19-5.5. Transferred assets free of encumbrances.
- § 7-19-9. Commissioner's powers not limited -- Immunity -- Rules -- Reports.
- § 7-22-101. Definitions -- Exemptions.
- § 7-22-102. Authorization required.
- § 7-22-103. Registration -- Fees -- Qualifications -- Rulemaking.
- § 7-22-104. Net worth requirements.
- § 7-22-105. Bond required.
- § 7-22-106. Accounts to be maintained -- Records open to inspection -- Retention of records.
- § 7-22-107. Examinations.
- § 7-22-108. Segregation of accounts -- Duties specified by agreement -- Duties generally.
- § 7-22-109. Priority of claims in case of insolvency.
- § 7-23-101. Title.
- § 7-23-102. Definitions.
- § 7-23-103.1. Exemptions.
- § 7-23-104.1. No effect on civil liability.
- § 7-23-201. Registration -- Rulemaking. (Superseded 10/1/2026)
- § 7-23-201. Registration -- Rulemaking. (Effective 10/1/2026)
- § 7-23-301. Posting of fee schedules for cashing checks.
- § 7-23-401. Operational requirements for deferred deposit loans.
- § 7-23-402. Electronic disbursement and collections.
- § 7-23-403. Extended payment plan.
- § 7-23-501. Enforcement by department -- Rulemaking.