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Utah Code § 7-3-25

Bad debts

Utah · Utah Code Title 7 — Financial Institutions Act · Status: effective

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Utah Code § 7-3-25, Bad debts, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2324410
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All demand and matured debts due to any bank on which interest is past due and has not been paid for a period of six months, unless they are well secured and in process of collection, are considered bad debts and shall be charged off to the reserve for loan losses account.