Utah Code § 7-26-201
Permitted delay of wire transfers
Utah · Utah Code Title 7 — Financial Institutions Act · Status: effective
Cite this
- Citation
- Utah Code § 7-26-201, Permitted delay of wire transfers, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2324639
- Permanent ID
ys:prov:2324639@1- SHA-256
e30e16882bb8733cd7be2932194d7749e384ed01380f505683f688b7f11db5f8
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) This section applies to a wire transfer that transfers money from a consumer account at a covered financial institution.
(2) If a qualified individual reasonably believes that executing a requested wire transfer will result in financial exploitation, the covered financial institution may:
(a) delay the wire transfer; and
(b) contact:
(i) a law enforcement agency;
(ii) Adult Protective Services; or
(iii) a joint co-owner on the account.
(3) The delay of a wire transfer described in Subsection (2) expires when the earlier of the following occurs:
(a) the covered financial institution reasonably determines that the wire transfer is not financial exploitation; or
(b) 15 business days pass after the day on which the covered financial institution first initiated the delay of the wire transfer.