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2006 Utah Code - 7-23-105.1 — Electronic disbursement and collections.
7-23-105.1. Electronic disbursement and collections.If a check casher collects payment on a deferred deposit loan through an electronic payment, the check casher shall, on the day the loan is executed:
(1) credit the amount of the deferred deposit loan through an electronic payment to the person receiving the deferred deposit loan; or
(2) make the amount of the deferred deposit loan immediately available to the person receiving the deferred deposit loan.
Enacted by Chapter 236, 2003 General Session
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