Utah Administrative Code (Current through November 1, 2019) |
R331. Financial Institutions, Administration |
R331-24. Accounting for Accrued Uncollected Income by Banks and Industrial Loan Corporations |
R331-24-1. Authority, Scope, and Purpose
Latest version.
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(1) This rule is issued pursuant to Section 7-1-301(14).
(2) This rule applies to all state chartered banks and industrial loan corporations.
(3) The purpose of this rule is to establish accounting requirements for accrued uncollected income to help ensure accurate accounting of the income of banks and industrial loan corporations.