Utah Code Title 7. Banking Institutions Act В§ 7-24-202. Operational demands for name loans

Utah Code Title 7. Banking Institutions Act В§ 7-24-202. Operational demands for name loans

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(1) a name lender shall:

(a) post in a location that is conspicuous its premises that may be seen by an individual looking for a name loan:

(i) a whole routine of any interest or costs charged for the name loan that states the attention and charges:

(A) as buck quantities; and

(B) as annual portion prices; and

(ii) a cell personal loans minnesota phone number an individual may phone which will make a grievance into the division regarding a name loan;

(b) come into a written contract for the name loan containing:

(i) the title of the individual getting the title 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 costs which may be charged for the name loan, expressed as:

(A) a buck quantity; and

(B) a annual percentage rate; and

(v)(A) the name and target associated with the designated representative needed to be supplied the division under Subsection 7-24-201(2)(d)(vi); and

(B) a declaration that solution of procedure can be designed to the designated representative;

(c) supply the individual looking for the title loan a copy regarding the written agreement described in Subsection (1)(b);

(d) ahead of the execution of this name loan:

(i) orally review using the individual searching for the title loan the terms associated with name loan including:

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