Utah § 7-28-110 - Recoupment or set off.

Full text of Utah Utah Code § 7-28-110 — Recoupment or set off., with citation guidance and answers to common questions.

§ 7-28-110. Recoupment or set off.

Effective 5/7/2025
7-28-110.  Recoupment or set off.
(1)Except as provided in Subsection (2) or (3), a bank may not exercise a right of recoupment or set off against a special deposit.
(2)An account agreement may authorize the bank to debit the special deposit:
(a)when the bank becomes obligated to pay a beneficiary, in an amount that does not exceed the amount necessary to discharge the obligation;
(b)for a fee assessed by the bank that relates to an overdraft in the special deposit account;
(c)for costs incurred by the bank that relate directly to the special deposit; or
(d)to reverse an earlier credit posted by the bank to the balance of the special deposit account, if the reversal occurs under an event or circumstance warranted under other law of this state governing mistake and restitution.
(3)The bank holding a special deposit may exercise a right of recoupment or set off against an obligation to pay a beneficiary, even if the bank funds payment from the special deposit.


Enacted by Chapter 482, 2025 General Session

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Frequently Asked Questions About Utah § 7-28-110

What does Utah Code § 7-28-110 cover?

Section 7-28-110 ("Recoupment or set off.") 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 § 7-28-110?

A common citation format is "Utah Code § 7-28-110" (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 § 7-28-110 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.