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Find Payday Loan Companies in Utah

Governing law in state:
Utah enacted laws authorizing cash advance lending. Payday loan businesses must display a comprehensive listing of fees and interest, representing them in dollar amounts and displaying them in a place where prospective clients will easily notice them. They must also provide borrowers with a phone number to dial for purposes of filing a complaint. Cash advance stores in Utah must submit a copy of the loan agreement to their clients. They are also required to verbally explain the fees being charged, the contractual terms, as well as the date in which the funds will be deposited in their clients' accounts.

Maximum loan amount:
Utah does not specify the maximum loan amount that a borrower can request.

Loan terms:
A loan term is not prescribed by Utah's laws.

Extensions:
It is not specified how many extensions or rollovers a borrower is entitled to. However, Utah law does not authorize a renewal or extension more than 12 weeks from the initial loan date.

Fees and charges:
There are no regulations capping the interest rate and/or fees that a payday loan business can charge. Therefore, a cash advance lender may charge any annual percentage rate (APR) it wants.

Fee schedules and APR:
Utah law does not specify these.

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Find Payday Lenders Near Utah

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Utah Loan Statistics
2012 2011 2010
Average Loan612659683
Average Age353535
Pay Schedule
  Weekly13%12%10%
  Bi-Weekly56%54%57%
  Monthly11%17%16%
  Twice Per Month20%18%17%
Home Owner23%19%24%
Renter77%81%76%
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