Personalloaner

Utah lending rules

Personalloaner covers 255 Census places in Utah, which together hold an estimated 3,204,467 people. Licensed lenders set personal-loan terms here under Utah law, and the sourced rules below reach every borrower in the state.

By the Personalloaner Editorial Team · Last updated 2026-09-16

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How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Key rules for borrowers in Utah

RuleDetailSource
Maximum legal interest rate (usury cap) No general cap — parties may agree to any rate; 10% per annum legal rate if no rate is specified (Utah Code § 15-1-1)
Source says: The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract		 Utah State Legislature
as of 2026-09-16
Payday lending status Legal; deferred deposit lenders must register with the Utah DFI (Utah Code Title 7, ch. 23)
Source says: It is unlawful for a person to engage in the business of cashing checks or the business of deferred deposit lending in Utah		 Utah State Legislature
as of 2026-09-16
Small-loan / installment lender licensing Consumer lenders under the Utah Consumer Credit Code (Title 70C) must file a Consumer Credit Notification via NMLS
Source says: Entities subject to the UCCC's notification requirement must file a Consumer Credit Notification (CCN) through the Nationwide Multistate Licensing System (NMLS).		 Utah Department of Financial Institutions (DFI)
as of 2026-09-16
State lending regulator Utah Department of Financial Institutions (DFI)
Source says: The Department of Financial Institutions regulates 19 banks, 22 credit unions, 17 industrial banks and 1 trust company.		 Utah Department of Financial Institutions (DFI)
as of 2026-09-16

Places we cover in Utah

The Census Bureau counts 255 places in Utah, and the largest are linked below.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

How high can interest rates legally go in Utah?
The answer turns on the product and on which statute applies to it. This page's table sets out Utah's usury cap and licensing rules, and each row carries its publisher and a link to the primary source.
What is Utah's position on payday lending?
Each state handles payday lending on its own: some permit it, some cap it, some prohibit it. The sourced row on this page gives Utah's current position.
How do I know a lender is licensed in Utah?
Consumer lenders generally need a licence issued by the state regulator identified on this page. Verify that licence with the regulator before you commit to anything.

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