Utah legislation · 2026 General Session
Utah SB230: Consumer Credit Amendments
Status: Signed into law, March 23, 2026
This bill modifies the Utah Consumer Credit Code.
What the bill says
From the enrolled text, March 11, 2026:
0 Consumer Credit Amendments 2026 GENERAL SESSION STATE OF UTAH Chief Sponsor: Brady Brammer House Sponsor: Calvin Roberts LONG TITLE General Description: This bill modifies the Utah Consumer Credit Code. Highlighted Provisions: This bill: - defines terms; - clarifies that a creditor may not charge a prepayment penalty and removes the existing exception; - clarifies that the debtor is not entitled to a third party rebate unless the creditor becomes entitled to a rebate result from the prepayment; and - makes technical and conforming changes. Money Appropriated in this Bill: None Other Special Clauses: None Utah Code Sections Affected: AMENDS: 70C-3-101 , as last amended by Laws of Utah 2005, Chapter 162 Be it enacted by the Legislature of the state of Utah: Section 1. Section 70C-3-101 is amended to read: 70C-3-101 . Prepayment of debt. (1) (a) Subject to the other provisions of this section, a debtor may prepay the unpaid balance of a closed-end consumer credit debt at any time without penalty. (b) Notwithstanding Subsection (1)(a) , a debtor may be required to pay a prepayment fee for prepaying a closed-end extension of credit secured by a subordinate lien on a dwelling that is not subject to Section 32 of Regulation Z, 12 C.F.R., Sec. 226.32 if: (i) the creditor offers the debtor the option of entering into …
Sponsors
- Brady Brammer (R, 21) · primary sponsor
- Roberts, Calvin (R, 46)
Latest actions
- : Governor Signed
- : Senate/ to Governor
- : Senate/ received enrolled bill from Printing
- : Senate/ enrolled bill to Printing
- : Enrolled Bill Returned to House or Senate
- : Draft of Enrolled Bill Prepared
- : Bill Received from Senate for Enrolling
- : Senate/ signed by President/ sent for enrolling
- : Senate/ received from House
- : House/ to Senate
Votes
- House/ passed 3rd reading (March 4, 2026): 69 yea, 0 nay, passed
- House Comm - Favorable Recommendation (February 27, 2026): 9 yea, 0 nay, passed
- House Comm - Consent Calendar Recommendation (February 27, 2026): 9 yea, 0 nay, passed
- Senate/ passed 3rd reading (February 24, 2026): 25 yea, 0 nay, passed
- Senate/ passed 2nd reading (February 23, 2026): 25 yea, 0 nay, passed
- Senate Comm - Favorable Recommendation (February 6, 2026): 7 yea, 0 nay, passed
Subjects: Business, Commerce and Trade, Consumer Credit, Contracts and Obligations
Common questions
- What is SB230?
- SB230 is a bill in the Utah Legislature (2026 General Session): Consumer Credit Amendments.
- What does SB230 do?
- This bill modifies the Utah Consumer Credit Code.
- What is the status of SB230?
- Signed into law as of March 23, 2026. Latest action: Governor Signed (March 23, 2026).
- Who sponsored SB230?
- Brady Brammer (R, 21), with 1 co-sponsor.
- Where is the official record for SB230?
- On the Utah Legislature website: https://le.utah.gov/~2026/bills/static/SB0230.html
Source: official Utah record. Tracked by Delilah, AI for legislation across all 50 states and Congress.