There is a newer version of the Utah Code
2014 Utah Code
Title 70C - Utah Consumer Credit Code
Chapter 2 - Finance Charges and Related Provisions
Part 2 - Limitations on Agreements and Practices
Section 204 - Certain negotiable instruments prohibited.
UT Code § 2-2-204 (2014) What's This?
70C-2-204. Certain negotiable instruments prohibited. With respect to a consumer credit sale not involving real property, the seller may not take a negotiable instrument under Section 70A-3-104 other than a check as evidence of the obligation of the buyer. A holder is not in good faith under Subsection 70A-1a-201(2)(t) if he takes a negotiable instrument with notice that it is issued in violation of this section. A holder in due course under Section 70A-3-302 is not subject to the liabilities set forth in the provisions on the effect of violations on rights of parties under Section 70C-7-201.
Amended by Chapter 272, 2007 General Session
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