Utah Code § 7-1-609
Payroll deduction savings -- Direct deposit of wages
Utah · Utah Code Title 7 — Financial Institutions Act · Status: effective
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- Citation
- Utah Code § 7-1-609, Payroll deduction savings -- Direct deposit of wages, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2324328
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Full text
A depository institution may contract with an employer with respect to the:
(1) solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account of an employer's employee who voluntarily elects to participate; or
(2) direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of the deposits.