Payday & Title Loans in Utah

Lending rules in Utah

Rules marked "medium confidence" were checked against a published copy of the statute because the official site was unavailable to us. Confirm them with the official text before relying on them.

General rules

• Utah sets no general rate cap on consumer credit: except where the Consumer Credit Code says otherwise, the parties may contract for any finance charge and other charges and fees. Source: Utah Code § 70C-2-101 · verified Oct 9, 2026 · medium confidence

Payday loans (deferred presentment)

• A deferred deposit lender's registration expires on December 31 of each year unless it is renewed on or before that date. Source: Utah Code § 7-23-201(2)(a) · verified Oct 9, 2026 · medium confidence
• A deferred deposit lender must show the commissioner that it is registered with the nationwide database (NMLS). Source: Utah Code § 7-23-201(2)(b)(iv) · verified Oct 9, 2026 · medium confidence
• The commissioner can fine an unregistered lender $500 for each Utah office if it does not register within 30 days of notice. Source: Utah Code § 7-23-201(4)(b) · verified Oct 9, 2026 · medium confidence
• A deferred deposit loan cannot be rolled over if the rollover requires payment of the amount owed, in whole or in part, more than 10 weeks after the loan was first made, and no interest accrues on a balance after 10 weeks. Source: Utah Code § 7-23-401(4)(a),(c) · verified Oct 9, 2026 · medium confidence
• A deferred deposit lender may not roll over a loan unless the borrower asks for the rollover. Source: Utah Code § 7-23-401(4)(b) · verified Oct 9, 2026 · medium confidence
• A borrower can make partial payments of at least $5 on the principal at any time before maturity without extra charges. Source: Utah Code § 7-23-401(3)(a) · verified Oct 9, 2026 · medium confidence
• A borrower can cancel a deferred deposit loan at no charge by returning the loan amount by 5 p.m. on the next business day. Source: Utah Code § 7-23-401(3)(b) · verified Oct 9, 2026 · medium confidence
• A lender must inquire whether the borrower can repay the loan in the ordinary course, and a first-time borrower requires a consumer report from a consumer reporting agency. Source: Utah Code § 7-23-401(1)(g), (6)(c) · verified Oct 9, 2026 · medium confidence
• A deferred deposit lender may not threaten to use, or use, the criminal process in any state to collect on the loan. Source: Utah Code § 7-23-401(4)(f) · verified Oct 9, 2026 · medium confidence
• Before suing a borrower on a deferred deposit loan, the lender must give at least 30 days notice of default. Source: Utah Code § 7-23-401(8)(a) · verified Oct 9, 2026 · medium confidence
• An extended payment plan must allow the money owed to be paid in at least four equal payments. Source: Utah Code § 7-23-403(2)(b) · verified Oct 9, 2026 · medium confidence
• An extended payment plan must run at least the greater of 90 days after default or 60 days after the plan is entered. Source: Utah Code § 7-23-403(2)(b)(ii) · verified Oct 9, 2026 · medium confidence
• A borrower who asks is entitled to an extended payment plan at least once during a 12-month period. Source: Utah Code § 7-23-403(1)(a) · verified Oct 9, 2026 · medium confidence
• A lender may not charge interest or fees as part of an extended payment plan, whatever the name given (origination, set-up, collection, late or default fee). Source: Utah Code § 7-23-403(3)(a) · verified Oct 9, 2026 · medium confidence
• If the borrower defaults during an extended payment plan, the lender may charge a fee of up to $20. Source: Utah Code § 7-23-403(3)(e)(ii) · verified Oct 9, 2026 · medium confidence
• After a default, a lender may require an initial payment of up to 20 percent of the total due under the extended payment plan. Source: Utah Code § 7-23-403(7)(a) · verified Oct 9, 2026 · medium confidence

Title loans

• It is unlawful to extend a title loan in Utah or to a Utah resident unless the lender registers with the Department of Financial Institutions and keeps a valid registration. Source: Utah Code § 7-24-201(1)(a) · verified Oct 9, 2026 · medium confidence
• A title lender may not extend more than one title loan on any vehicle at one time. Source: Utah Code § 7-24-202(3)(b) · verified Oct 9, 2026 · medium confidence
• A title loan cannot exceed the fair market value of the vehicle that secures it. Source: Utah Code § 7-24-202(3)(c) · verified Oct 9, 2026 · medium confidence
• A title lender may not make a loan without regard to the borrower's ability to repay, including income, current obligations and employment. Source: Utah Code § 7-24-202(3)(d) · verified Oct 9, 2026 · medium confidence
• A title lender may not roll over a title loan unless the borrower asks for the rollover. Source: Utah Code § 7-24-202(3)(a) · verified Oct 9, 2026 · medium confidence
• A title lender must post a schedule of interest and fees in dollar amounts and as annual percentage rates. Source: Utah Code § 7-24-202(1)(a) · verified Oct 9, 2026 · medium confidence

Installment and consumer finance loans

• A late charge on an installment is capped at the greater of $30 or 5 percent of the delinquent unpaid amount. Source: Utah Code § 70C-2-102(1)(a) · verified Oct 9, 2026 · medium confidence

Lenders in Utah are licensed by the Utah Department of Financial Institutions (DFI). See also online lenders and apps in Utah.