State reference · UT
Utah lending rules
Utah has 255 Census places covered on Paydayloaning, with a combined estimated population of 3,204,467. Payday and small-loan terms in Utah are set by licensed lenders under state law; the sourced rules below apply to every borrower in the state.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
The verdict
Legal
Source: Utah State Legislature · as of 2026-09-16
- Licensing
- Consumer lenders under the Utah Consumer Credit Code (Title 70C) must file a Consumer Credit Notification via…
- Utah Department of Financial Institutions (DFI)
- Regulator
- Utah Department of Financial Institutions (DFI)
- Utah Department of Financial Institutions (DFI)
Rules are quoted from the cited sources. How payday lending is regulated.
Key rules for borrowers in Utah
Quoted from the statute, regulator or agency named in each row.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | No general cap — parties may agree to any rate; 10% per annum legal rate if no rate is specified (Utah Code § 15-1-1) Source says: The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract |
Utah State Legislature as of 2026-09-16 |
| Payday lending status | Legal; deferred deposit lenders must register with the Utah DFI (Utah Code Title 7, ch. 23) Source says: It is unlawful for a person to engage in the business of cashing checks or the business of deferred deposit lending in Utah |
Utah State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer lenders under the Utah Consumer Credit Code (Title 70C) must file a Consumer Credit Notification via NMLS Source says: Entities subject to the UCCC's notification requirement must file a Consumer Credit Notification (CCN) through the Nationwide Multistate Licensing System (NMLS). |
Utah Department of Financial Institutions (DFI) as of 2026-09-16 |
| State lending regulator | Utah Department of Financial Institutions (DFI) Source says: The Department of Financial Institutions regulates 19 banks, 22 credit unions, 17 industrial banks and 1 trust company. |
Utah Department of Financial Institutions (DFI) as of 2026-09-16 |
Cities in Utah
All Utah citiesWe cover 255 Census places in Utah.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.