Utah § 7-26-201 - Permitted delay of wire transfers.

Full text of Utah Utah Code § 7-26-201 — Permitted delay of wire transfers., with citation guidance and answers to common questions.

§ 7-26-201. Permitted delay of wire transfers.

Effective 5/12/2020
7-26-201.  Permitted delay of wire transfers.
(1) This section applies to a wire transfer that transfers money from a consumer account at a covered financial institution.
(2) If a qualified individual reasonably believes that executing a requested wire transfer will result in financial exploitation, the covered financial institution may:
(a) delay the wire transfer; and
(b) contact:
(i) a law enforcement agency;
(ii) Adult Protective Services; or
(iii) a joint co-owner on the account.
(3) The delay of a wire transfer described in Subsection (2) expires when the earlier of the following occurs:
(a) the covered financial institution reasonably determines that the wire transfer is not financial exploitation; or
(b) 15 business days pass after the day on which the covered financial institution first initiated the delay of the wire transfer.


Enacted by Chapter 228, 2020 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 7-26-201

What does Utah Code § 7-26-201 cover?

Section 7-26-201 ("Permitted delay of wire transfers.") 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 § 7-26-201?

A common citation format is "Utah Code § 7-26-201" (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 § 7-26-201 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.