Utah Code § 38-1a-309
Interest rate -- Preconstruction service or construction contract -- Lien
Utah · Utah Code Title 38 — Liens · Status: effective
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- Citation
- Utah Code § 38-1a-309, Interest rate -- Preconstruction service or construction contract -- Lien, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2336441
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Full text
(1) Subject to Subsection (2), the interest rate that applies to a lawful contract for preconstruction service or construction work on or for a project property, or to a lien claimed under this chapter against the project property, is, unless otherwise provided in the lawful contract, the rate described in Subsection 15-1-1(2).
(2) If a person that claims a lien against project property under this chapter is not in privity of contract with the owner or owner-builder, the interest rate that applies to the person's lien may not exceed the rate described in Subsection 15-1-1(2).