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Home » 2017 Issues » Vol. 2017, No. 3 (02/01/2017) » No. 41123 (5-year Review): Rule R343-1. Rule Governing Form of Disclosures For Title Lenders, Who Are Under the Jurisdiction of the Department of Financial Institutions

  No. 41123 (5-year Review): Rule R343-1. Rule Governing Form of Disclosures For Title Lenders, Who Are Under the Jurisdiction of the Department of Financial Institutions  

  • DAR File No.: 41123
    Filed: 01/06/2017 09:34:04 AM

    NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

    Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

    Section 7-24-203 requires that the department adopt a disclosure form for title loans. This rule establishes minimum standards for the form of disclosure for title lenders to protect the public interest.

    Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

    No supporting or opposing written comments have been received since the last notice of continuation.

    Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

    The statutory provision states that the department shall, by rule, specify the information to be provided in a disclosure form. This rule establishes minimum standards for the form of disclosure for title lenders to protect the public interest. Therefore, this rule should be continued.

    The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:

    Financial Institutions
    Nondepository LendersRoom 201
    324 S STATE ST
    SALT LAKE CITY, UT 84111-2393

    Direct questions regarding this rule to:

    Effective:

    01/06/2017

    Authorized by:

    Edward Leary, Commissioner

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Document Information

Effective Date:
1/6/2017
Publication Date:
02/01/2017
Type:
Five-Year Notices of Review and Statements of Continuation
Filed Date:
01/06/2017
Agencies:
Financial Institutions, Nondepository Lenders
Authorized By:
Edward Leary, Commissioner
DAR File No.:
41123
Summary:

No supporting or opposing written comments have been received since the last notice of continuation.

CodeNo:
R343-1
CodeName:
{45281|R343-1|R343-1. Rule Governing Form of Disclosures For Title Lenders, Who Are Under the Jurisdiction of the Department of Financial Institutions}
Link Address:
Financial InstitutionsNondepository LendersRoom 201 324 S STATE STSALT LAKE CITY, UT 84111-2393
Link Way:

Paul Allred, by phone at 801-538-8854, by FAX at 801-538-8894, or by Internet E-mail at pallred@utah.gov

AdditionalInfo:
More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at http://www.rules.utah.gov/publicat/bull-pdf/2017/b20170201.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
Related Chapter/Rule NO.: (1)
R343-1. Rule Governing Form of Disclosures For Title Lenders, Who Are Under the Jurisdiction of the Department of Financial Institutions.