Compare your loan choices in Utah. If you’d like a quick payday loan, ensure you understand the laws and regulations before you borrow

Updated Apr 27, 2020

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If you’re quick on money and seeking to borrow handful of cash, maybe you are considering a loan that is payday. Payday advances have particular guidelines with regards to just how long you are able to borrow. Our guide helps you discover the ins and outs of payday financing in Utah.

How do pay day loans in Utah work? Utah Code Ann. 7-23-101 et seq., the Check Cashing Registration Act, governs the procedure of most lenders that are payday Utah.

A lender must register with the Utah Department of Financial Institutions to provide payday loans to residents of Utah. This guideline relates to out-of-state lenders that want to offer online advances that are payday this state and in-state storefronts alike.

Utah legislation does not specify the utmost you could borrow, you are restricted to a loan that is total of ten days. You’ll have actually to see your loan agreement cautiously whenever determining just just exactly how you’ll that is much required to spend since there is no limitation on funding costs, fees or total APR in Utah.

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