- (1) This amended rule is adopted pursuant to Section 70C-8-102(1)(e).
- (2) This rule shall apply to all extensions of credit subject to Title 70C, Utah Consumer Credit Code.
- (3) The purpose for this rule is to prohibit wrap loans that will not fully service all obligations wrapped by the loan.
KEY: financial institutions
Date of Last Change: 1995
Notice of Continuation: September 13, 2022
Authorizing, and Implemented or Interpreted Law: 70C-8-102(1)(e)