Utah Admin. Code R335-2-1 - Authority, Scope, and Purpose
(1)
This rule is adopted pursuant to Section
70C-8-102(1)(e).
(2) This rule shall apply to all credit
transactions subject to the provisions of Title 70C, Utah Consumer Credit
Code.
(3) The purpose for this rule
is
(a) to distinguish variable or adjustable
interest rates from other kinds of rate formulas or provisions, such as a
demand note or a unilateral right to change terms,
(b) to specify what must be included in rate
formulas represented to be variable or adjustable, and
(c) to specify certain disclosure
requirements under state and federal law applicable to variable or adjustable
rate and other formulas.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.