Utah § 7-27-202 - Disclosures for commercial financing transactions.

Full text of Utah Utah Code § 7-27-202 — Disclosures for commercial financing transactions., with citation guidance and answers to common questions.

§ 7-27-202. Disclosures for commercial financing transactions.

Effective 5/1/2024
7-27-202. Disclosures for commercial financing transactions.

(1)	Before consummating a commercial financing transaction, a provider shall disclose the terms of the commercial financing transaction in accordance with this section and rules made by the commissioner.

(2)

A provider shall disclose the following information in connection with each commercial financing transaction:

(a)	the total amount of funds provided to the business under the terms of the commercial financing transaction;

(b)	the total amount of funds disbursed to the business under the terms of the commercial financing transaction, if less than the amount described in Subsection (2)(a);

(c)	the total amount to be paid to the provider under the terms of the commercial financing transaction;

(d)

the total dollar cost of the commercial financing transaction, calculated by finding the difference between:

(i)	the amount described in Subsection (2)(a); and

(ii)	the amount described in Subsection (2)(c);

(e)

(i)	the manner, frequency, and amount of each payment; or

(ii)	if the amount of each payment may vary, the manner, frequency, and estimated amount of the initial payment; and

(f)	a statement of whether there are any costs or discounts associated with prepayment under the commercial financing transaction, including a reference to the paragraph in the commercial financing transaction agreement that creates each cost or discount.

(3)	The commercial financing transaction agreement shall include a description of the methodology for calculating any variable payment amount and the circumstances that may cause a payment amount to vary.

(4)	The provisions of this section apply to a commercial financing transaction consummated on or after January 1, 2023.

Amended by Chapter 114, 2024 General Session

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

Frequently Asked Questions About Utah § 7-27-202

What does Utah Code § 7-27-202 cover?

Section 7-27-202 ("Disclosures for commercial financing transactions.") 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 § 7-27-202?

A common citation format is "Utah Code § 7-27-202" (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 § 7-27-202 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

Official text of § 7-27-202 at the Utah source

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