Utah StatutesTitle 07 - Financial Institutions Act
- Chapter 01 - General Provisions
- 7-1-1001 - Definitions -- Written consent or court order for disclosure by financial institution -- Exception.
- 7-1-1002 - Notice to person about whom information sought.
- 7-1-1003 - Intervention to challenge or stay order -- Burden on governmental entity.
- 7-1-1004 - Reimbursement of financial institution for costs of obtaining information.
- 7-1-1005 - Admissibility of information restricted.
- 7-1-1006 - Inapplicable to certain official investigations.
- 7-1-1007 - Liability of financial institutions.
- 7-1-101 - Title.
- 7-1-102 - Legislative findings, purpose, and intent.
- 7-1-103 - Definitions.
- 7-1-104 - Exemptions from application of title.
- 7-1-105 - Procedures -- Adjudicative proceedings.
- 7-1-201 - Creation of department -- Organization.
- 7-1-202 - Commissioner of financial institutions as executive officer -- Appointment -- Term -- Salary -- Qualifications.
- 7-1-203 - Board of Financial Institutions.
- 7-1-204 - Chief examiner -- Powers and duties.
- 7-1-205 - Supervisor of banks -- Responsibilities.
- 7-1-206 - Supervisor of savings and loan associations -- Responsibilities.
- 7-1-207 - Supervisor of industrial banks -- Responsibilities.
- 7-1-208 - Supervisor of credit unions -- Responsibilities.
- 7-1-208.1 - Supervisor of trusts -- Qualifications -- Responsibilities.
- 7-1-208.2 - Deputy commissioner.
- 7-1-209 - Additional supervisors, examiners, and other personnel -- Compensation -- Travel expenses.
- 7-1-210 - Records of department required.
- 7-1-211 - Reports of commissioner to governor and Legislature.
- 7-1-301 - Powers and duties of commissioner -- Rulemaking.
- 7-1-302 - Review of supervisor's action by commissioner.
- 7-1-303 - Joint operations and information exchange by institutions.
- 7-1-304 - Civil actions against unauthorized operations.
- 7-1-305 - Final decisions on applications for new institutions, branches, relocation, merger, consolidation, acquisition and changes in control of financial institutions.
- 7-1-307 - Cease and desist orders -- Procedure for issuance.
- 7-1-308 - Suspension or removal of director or officer -- Grounds -- Procedure for issuance of order.
- 7-1-309 - Hearings by commissioner -- Discretion of commissioner -- Procedure -- Judicial review.
- 7-1-310 - Subpoena power of commissioner.
- 7-1-311 - Moratoriums on applications for new depository institutions or branches.
- 7-1-312 - Reports required of large stockholders of financial institutions as to loans secured by stock.
- 7-1-313 - Requiring remedial action by institution in or about to be in unsound condition -- Assistance by insurers.
- 7-1-314 - Examination of institutions by commissioner or supervisor.
- 7-1-315 - Examination by board of directors required -- Report.
- 7-1-316 - Forms for reports required from institutions.
- 7-1-317 - Reports of condition called for by commissioner.
- 7-1-318 - Reports of condition -- Form -- Falsification or failure to file.
- 7-1-319 - Notice to county attorney or district attorney of criminal violations -- Attorney general to conduct actions commenced by commissioner -- Assistance of county attorney or district attorney.
- 7-1-320 - Actions to enjoin violations -- Bond not required -- Recovery -- Attorney's fees.
- 7-1-321 - Powers and duties of commissioner to carry out purposes of title.
- 7-1-322 - Orders of commissioner -- Writing -- Service -- Contents -- Enforcement.
- 7-1-323 - Regulation of interstate operations -- Coordination of efforts.
- 7-1-324 - Debt cancellation agreements and debt suspension agreements.
- 7-1-325 - Compliance with applicable federal law.
- 7-1-401 - Fees payable to commissioner.
- 7-1-402 - Time for payment of fees -- Schedule of additional fees -- Revocation of permit or license for failure to pay fees.
- 7-1-403 - Funds and balances paid to treasurer -- Separate account -- Use of funds.
- 7-1-501 - Institutions and persons subject to jurisdiction of department.
- 7-1-502 - Limitations on jurisdiction of department.
- 7-1-503 - Regulation of sale by financial institution of its securities -- Solicitation of deposit accounts restricted -- Violations.
- 7-1-505 - Rules and regulations governing persons or institutions not regulated under other chapters of title.
- 7-1-507 - Assessing institution's record in meeting credit needs -- Requirements -- Remedial order.
- 7-1-508 - Conviction for fraud or dishonest conduct as disqualification to serve as officer, director or employee or to take control of a depository institution -- Violation as misdemeanor.
- 7-1-510 - Examination of institutions -- Adoption of rules -- Requiring actions by institutions.
- 7-1-601 - Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment.
- 7-1-602 - Final settlement of transaction account -- Limitation of action on accuracy of statement -- Duty to examine statement and notify of errors unaffected.
- 7-1-603 - Final settlement of savings account -- Limitation of action on accuracy of statement.
- 7-1-604 - Savings accounts -- Qualifications to hold -- Representation -- Transfer -- Holder treated as owner -- Exception.
- 7-1-605 - Savings accounts -- Special terms to be in writing.
- 7-1-606 - Savings accounts and credit union share accounts -- Form of ownership certificate.
- 7-1-607 - Lost or destroyed account book or certificate.
- 7-1-608 - School or institutional savings plans authorized.
- 7-1-609 - Payroll deduction savings -- Direct deposit of wages.
- 7-1-610 - Attorney-in-fact as to savings account -- Institution immune from liability.
- 7-1-611 - Deposit accounts of minors or married persons.
- 7-1-612 - Pledge or hypothecation of joint savings accounts.
- 7-1-613 - Incompetency of savings account owner.
- 7-1-616 - Authority to accept transaction accounts -- Payment of instruments.
- 7-1-617 - No concentration limit under state law.
- 7-1-618 - Deposit production offices prohibited.
- 7-1-701 - Representation and transacting business as financial institution restricted -- Restricted names -- Penalty.
- 7-1-702 - Interstate acquisition, merger, and branching.
- 7-1-703 - Restrictions on acquisition of institutions and holding companies -- Enforcement.
- 7-1-704 - Authorization required to engage in business -- Exemptions -- Procedure.
- 7-1-705 - Approval required for certain transactions -- Application -- Grounds for disapproval.
- 7-1-706 - Application to commissioner to exercise power -- Procedure.
- 7-1-708 - Establishing branches and relocating offices -- Application and procedure for approval -- Nonexempt credit unions.
- 7-1-709 - Branches -- Discontinuance of operation.
- 7-1-710 - "Agency" defined -- Purposes and establishment of agency.
- 7-1-711 - Mobile facilities -- Approval required for operation.
- 7-1-712 - Acquisition of office of another financial institution.
- 7-1-713 - Conversion of financial institution -- Approval required -- Procedure -- Federal-state conversion.
- 7-1-714 - Judicial review of acts of commissioner -- Hearing by court.
- 7-1-715 - Loan production offices -- Application and procedure for approval.
- 7-1-716 - Affiliate depository institutions acting as agents -- Notification required.
- 7-1-801 - False statement derogatory to financial condition of depository institution a misdemeanor -- Exemptions.
- 7-1-802 - Confidentiality of information received by department -- Availability of information.
- 7-1-803 - Conflicting interests of commissioner, supervisors, and examiners -- Loans and accounts -- Disclosure -- Penalty.
- 7-1-806 - Money market funds arranging with bank to honor two-party instruments -- Discouraging payment of interest to two persons on funds in transit -- Pyramiding and similar schemes as misdemeanors
- 7-1-807 - Printed checks, drafts and orders -- Requirements -- Violation as misdemeanor.
- 7-1-808 - Closing days for depository institutions.
- 7-1-809 - Articles of incorporation -- Amended or restated articles of incorporation -- Prerequisites to filing.
- 7-1-810 - Limited liability companies.
- 7-1-901 - Authorized insurance activities of depository institutions.
- Chapter 02 - Possession of Depository Institution by Commissioner
- Chapter 03 - Banks
- Chapter 05 - Trust Business
- Chapter 07 - Savings and Loan Associations Act
- 7-7-1 - Citation of chapter -- Application of Utah Revised Business Corporation Act.
- 7-7-10 - Meetings of mutual association members -- Voting -- Notice.
- 7-7-11 - Meetings of stock association stockholders -- Voting -- Notice.
- 7-7-12 - Inspection of books and records -- Confidentiality -- Communication between members or stockholders.
- 7-7-13 - Board of directors -- Number -- Election -- Qualifications -- Disqualification -- Terms -- Vacancies -- Removal.
- 7-7-14 - Bonding of directors, officers, employees, and collection agents.
- 7-7-15 - Fiduciary relationship of directors and officers to association -- Disclosure requirements -- Prohibitions -- Violations as misdemeanors.
- 7-7-16 - Depositories used by associations.
- 7-7-17 - Indemnification of directors, officers, and employees.
- 7-7-18 - Operating or management contract terms.
- 7-7-19 - Record and accounting requirements -- Valuation of assets.
- 7-7-2 - Definitions.
- 7-7-20 - Reserve and net worth requirements.
- 7-7-21 - Powers of associations.
- 7-7-22 - Savings accounts -- Liabilities -- Opening -- Relationship between association and account holder -- Earnings -- Preferences -- Types of accounts.
- 7-7-23 - Savings accounts as legal investments and as deposits.
- 7-7-24 - Earnings on savings accounts.
- 7-7-25 - Withdrawal or transfer of savings accounts.
- 7-7-26 - Redemption of savings accounts.
- 7-7-27 - Liquidity prerequisite for loans and investments.
- 7-7-28 - Investments by associations.
- 7-7-29 - Investment in service organizations, business development credit corporations, and service corporations.
- 7-7-3 - Incorporators -- Certificate of authority -- Articles of incorporation -- Amendment -- Bylaws -- Liability for debts of association.
- 7-7-3.1 - Limitation of personal liability of directors.
- 7-7-3.2 - General limitation on liability.
- 7-7-3.3 - Deposit insurance required.
- 7-7-30 - Investment in property used in conduct of business -- Investment in manner not prohibited by law.
- 7-7-31 - Investment in real estate for sale or income production -- Purchase of real estate securing loan.
- 7-7-32 - Agreements committing assets to lines of credit -- Stock ownership or affiliation with credit card companies.
- 7-7-33 - Investments in loans -- Payments to protect real estate loans -- Requiring borrower to pay taxes, insurance, and other charges on real estate in advance.
- 7-7-34 - Charging borrower for expenses and services for real estate loan.
- 7-7-35 - Sale of real estate securities -- Dealing with buyer -- Liability of original borrower.
- 7-7-36 - Actions necessary to avoid loss on loans and investments.
- 7-7-38 - Reports and examinations required -- Access to records.
- 7-7-4 - Mutual association -- Chair of incorporators -- Surety bond or escrow -- Capital requirements -- Expense fund -- Organization meeting.
- 7-7-40 - Federal associations.
- 7-7-41 - Additional powers of associations belonging to federal home loan bank system.
- 7-7-42 - Members, stockholders or employees not disqualified to take acknowledgments or proofs.
- 7-7-43 - Previously incorporated associations.
- 7-7-44 - Chapter controls over inconsistent laws.
- 7-7-5 - Capital stock association -- Chair of incorporators -- Surety bond or escrow -- Capital requirements -- Surplus -- Acquisition of own stock -- Organization meeting.
- 7-7-6 - Name requirements -- Establishment or changing location of offices.
- 7-7-7 - Conversion of associations.
- 7-7-8 - Reorganization, merger or consolidation of association.
- 7-7-9 - Dissolution of association.
- Chapter 08 - Industrial Banks
- Chapter 09 - Utah Credit Union Act
- Chapter 14 - Credit Information Exchange
- Chapter 15 - Dishonored Instruments
- Chapter 16a - Automated Teller Machine Act
- Chapter 17 - Interest on Mortgage Loan Reserve Accounts
- Chapter 18a - Utah Foreign Depository Institutions Act
- 7-18a-101 - Title.
- 7-18a-102 - Definitions.
- 7-18a-103 - Application of Utah Revised Business Corporation Act.
- 7-18a-104 - Application of Utah Financial Institutions Act.
- 7-18a-201 - Authorization required to transact business as a foreign depository institution agency, branch, or representative office.
- 7-18a-202 - Application and fee to establish, relocate, or discontinue a foreign depository institution agency, branch, or representative office -- Certificate of authority.
- 7-18a-203 - No concurrent maintenance of agencies or branches.
- 7-18a-204 - Filing of amendments to articles of incorporation.
- 7-18a-205 - Amended certificate of authority to establish an agency, branch, or representative office.
- 7-18a-206 - Change of control of foreign depository institution.
- 7-18a-207 - Annual renewal of certificate of authority.
- 7-18a-301 - Powers of an agency, branch, or representative office of a foreign depository institution.
- 7-18a-302 - Trust business.
- 7-18a-401 - Separate assets.
- 7-18a-402 - Disclosure of lack of deposit insurance.
- 7-18a-403 - Asset maintenance.
- 7-18a-501 - Supervisory actions by commissioner.
- 7-18a-502 - Distribution of balance of assets.
- Chapter 19 - Acquisition of Failing Depository Institutions or Holding Companies
- Chapter 22 - Regulation of Independent Escrow Agents
- Chapter 23 - Check Cashing and Deferred Deposit Lending Registration Act
- Chapter 24 - Title Lending Registration Act