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Utah Code § 70C-4-103

Finance charge for open-end accounts

Utah · Utah Code Title 70C — Utah Consumer Credit Code · Status: effective

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Utah Code § 70C-4-103, Finance charge for open-end accounts, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2350360
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With respect to an open-end consumer credit contract, a finance charge may only be calculated during any particular billing cycle on the basis of either: (1) the average or actual daily balance of the account; or (2) the unpaid balance of the account on the last day of the billing cycle after deducting payments and credits received during the same cycle.