Re Search Utah Code
Re Re Re Search by Keyword or Citation
(1) a name lender shall:
(a) post in a conspicuous location on its premises which can be seen by an individual looking for a name loan:
(i) a schedule that is complete of interest or costs charged for the name loan that states the attention and charges:
(A) as buck quantities; and
(B) as yearly portion prices; and
(ii) a phone number an individual may phone in order to make a grievance towards the division regarding a name loan;
(b) access a written agreement when it comes to name loan containing:
(i) the title of the individual getting the name loan;
(ii) the deal date;
(iii) the total amount of the name loan;
(iv) a statement associated with the amount that is total of interest or charges that could be charged for the name loan, expressed as:
(A) a buck quantity; and
(B) a apr; and
(v)(A) the title and address of this designated representative needed to be supplied the division under Subsection 7-24-201(2 d that is)(; and
(B) a declaration that solution of process can be designed to the designated representative;
(c) supply the individual looking for the title loan a copy of this written agreement described in Subsection (1)(b);
(d) before the execution for the name loan:
(i) orally review aided by the person looking for the South Carolina title loans online title loan the terms associated with the name loan including:
(A) the quantity of any rate of interest or cost, expressed as:
(we) a buck quantity; and
(II) a annual percentage rate; and
(B) the date on that your complete number of the name loan is born; and
(ii) give you the individual searching for the title loan a copy for the disclosure kind used by the division under part 7-24-203 ; and
( ag ag e) adhere to the next such as impact on the date the title loan is extended:
(i) Truth in Lending Act, 15 U.S.C. Sec. 1601 et seq., and its own implementing regulations that are federal
(ii) Equal Credit Chance Act, 15 U.S.C. Sec. 1691 , and its particular implementing regulations that are federal
(iii) Bank Secrecy Act, 12 U.S.C. Sec. 1829b , 12 U.S.C. Sec. 1951 through 1959 , and 31 U.S.C. Sec. 5311 through 5332 , as well as its implementing laws; and
(iv) Title 70C, Utah Credit Code.
(2) If a title loan provider runs a name loan through online or any other electronic means, the name lender shall:
(a) give you the information described in Subsection (1)(a) in to the individual getting the name loan:
(i) in a conspicuous way; and
(ii) before the person stepping into the name loan; and
(b) relating to the disclosure needed under Subsection (2)(a), offer a range of states in which the name loan provider is registered or authorized to provide name loans through the net or any other electronic means.
(3) a name loan provider may well not:
(a) rollover a name loan unless the individual getting the name loan demands a rollover for the name loan;
(b) stretch one or more name loan on any automobile at once;
(c) increase a name loan that surpasses the market that is fair of this car securing the name loan; or
(d) increase a name loan without respect to the capability of the individual searching for the name loan to settle the name loan, like the man or woman’s:
(i) current and income that is expected
(ii) current responsibilities; and
(4) a name loan provider has met what’s needed of Subsection (3 d that is)( in the event that individual looking for a name loan supplies the name loan provider with a finalized acknowledgment that:
(a) anyone has furnished the name loan provider with real and information that is correct the individuals earnings, responsibilities, and work; and
(b) the individual is able to repay the name loan.
FindLaw Codes are offered thanks to Thomson Reuters Westlaw, the industry-leading online research system that is legal.
For lots more codes that are detailed information, including annotations and citations, please check out Westlaw.
FindLaw Codes may well not mirror probably the most version that is recent of legislation in your jurisdiction. Please validate the status for the rule you will be researching using the state legislature or via Westlaw before counting on it for the legal requirements.