Utah § 7-1-102 - Legislative findings, purpose, and intent.

Full text of Utah Utah Code § 7-1-102 — Legislative findings, purpose, and intent., with citation guidance and answers to common questions.

§ 7-1-102. Legislative findings, purpose, and intent.

7-1-102.  Legislative findings, purpose, and intent.
(1) The Legislature finds it is in the interest of the citizens of this state, and is the purpose of this title, to:
(a) supervise, regulate, and examine persons, firms, corporations, associations, and other business entities furnishing depository, lending, and associated financial services in this state;
(b) protect the interests of shareholders, members, depositors, and other customers of financial institutions operating in this state;
(c) preserve the competitive equality of state chartered institutions as compared to federally chartered institutions, and of Utah depository institutions as compared to out-of-state and foreign depository institutions;
(d) promote the availability, efficiency, and profitability of financial services in the communities of this state;
(e) preserve the advantages of the dual banking system;
(f) cooperate with federal regulators and regulators from other states in regulating financial institutions, in improving the quality of regulation, and in promoting the interests of this state in interstate matters; and
(g) provide to the Commissioner of Financial Institutions sufficient powers and responsibilities to carry out these purposes.
(2) It is the intent of the Legislature that the provisions of this title be interpreted to promote these purposes.


Repealed and Re-enacted by Chapter 49, 1995 General Session

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Frequently Asked Questions About Utah § 7-1-102

What does Utah Code § 7-1-102 cover?

Section 7-1-102 ("Legislative findings, purpose, and intent.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 7-1-102?

A common citation format is "Utah Code § 7-1-102" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 7-1-102 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.