Payday Loans in Utah

Payday loans in Utah: the rules

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.

• 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

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