Utah Payday Loans

Utah Code Ann. 7-23-101 et seq.
Status: Legal (Applies to check cashers only)

Payday loans are legal in the state of Utah, pursuant to Utah Code Ann. 7-23-101 et seq.  The number of companies offering payday loans in Utah currently stands at 305.

Payday Loan Lending Laws in Utah

Payday loan regulations in Utah are defined by the term “no limit.” There are no limits on the amount a borrower can request, no limit on finance charges and APR, no usury limits on finance rates and loans, and no limits on the number of loans a borrower can have out at one time.  Even rollovers, a practice mostly prohibited in other states, is not specified beyond the fact that a loan cannot be extended or renewed more than 10 weeks from the original loan date. A repayment plan option is available, but the state does not have any rules regarding cooling-off periods between loans. State regulations also address the use of deferred deposit lenders, specifically that a lender that engages in a deferred deposit loan may not collect additional interest on a loan with an outstanding principal balance 10 weeks after the loan is executed.

Concern has been raised by lawmakers on the lack of regulations in the payday industry. In 2016, state lawmakers made efforts to address those concerns by attempting to apply new regulations on payday lenders. Some of the proposals included requiring lenders to repot the loans to a database that would keep track of the borrower’s business history with lenders, offering interest-loan extensions on delinquent payments between 60 to 90 days, and recording how many lawsuits a lender filed annually against borrowers for nonpayment.

In the event a borrower does not repay the cash advance loan, a lender can charge a minimum of $20 for nonsufficient funds, seek a judgement that could require the borrower to pay interest on the unpaid balance at the federal rate plus 2%. The lender may also seek to recover court costs and reasonable attorney fees. The opened-ended terms of loan amounts and fees serves to underline the importance of proper financial considerations before applying for a payday loan in Utah.


To apply for a payday loan in Utah, a potential borrower must meet these requirements:

  • Be at least 18 years old
  • Be employed for at least one month.
  • Have an active checking account
  • Be a U.S. citizen or permanent resident.

Lending Rules*

Lenders in the state of Utah are legally required to comply by the following limitations according to Utah Code Ann. 7-23-101 et seq.:

Maximum Loan Amount:
No Limit
Maximum Length of Loan:
10 weeks
Maximum Finance Rate & Fees:
No usury limit
Finance Charge for 14-day $100 Loan:
No Limit
APR for 14-day $100 Loan:
No Limit
Max # Outstanding Loans at One Time:
No limit
Rollovers Permitted:
Not Specified (cannot extend or renew loan more than 10 weeks from original loan date)
Repayment Plan:
Collection Fees:
Not Specified
Criminal Action:
Not Specified
*The information displayed may not be current. For the most recent information, please visit http://www.paydayloaninfo.org/state-information/52.

Regulatory Information

If you have a complaint against a Utah Cash Advance location you can contact your state regulator below:

Utah Department of Financial Institutions
324 South State Street, Suite 201 Salt Lake City UT 84111
(801) 538-8830
(801) 538-8894

Utah Lenders

Below you can find Utah payday loan lenders in the following cities:

Utah Statistics**

The following information is key demographic data for the state of Utah from the Census bureau.

Total Population:
Median Household Income:
Poverty Rate:
Median Gross Rent:
High School Graduate or Higher:
Bachelor's Degree or Higher:
**The information displayed may not be current. For the most recent information, please visit http://www.census.gov/quickfacts.

Borrow Responsibly

The lack of concrete limits with so many of the lending terms in Utah requires extreme diligence by the potential borrower before agreeing to a payday loan. A borrower should consider the finance charges, interest rates, charges, and other lender details. Cash Advance loans work best when used to address short-term financial emergencies and are repaid before penalties and fees put the borrower in a more difficult financial situation. However, the responsibility of understanding the loan terms and repaying the loan rests solely with the borrower.  To that end, borrowers should verify the lender is licensed to offer payday loan services, and if this cannot be confirmed, the borrower should contact the Utah Department of Financial Institutions with any concerns or questions.

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