Consumer Lending

Consumer Lending in Utah

The Utah Consumer Credit Code, Title 70C of the Utah Code Annotated, governs consumer lending and certain related activities. In general, the following activities conducted with Utah citizens are subject to Utah Consumer Credit Code:

• Lending for personal, family or household purposes
• Selling or providing goods or services on a credit basis
• Making consumer leases or taking assignments of consumer debt
• Originating or servicing open-end mortgages or second mortgages
• Lending for manufactured housing or mobile homes that are not permanently affixed
• Collecting debt arising from consumer credit transactions

Supervised Current Consumer Lenders

Historically, around 1,100 consumer lenders notify this Department each year that they are conducting consumer credit transactions with Utah citizens. You may access the list of consumer lenders as of August 25, 2024 by clicking below.

Browse the list of current Consumer Lenders

Beginning August 26, 2024, we will not maintain a list of supervised consumer lenders because the information is available at https://nmlsconsumeraccess.org.

Consumer Credit Notification

Anyone engaging in activities subject to the Utah Consumer Credit Code must file a Consumer Credit Notification (CCN) through the Nationwide Multistate Licensing System (NMLS).

To submit, change, renew, or surrender a CCN, select the appropriate checklist on the NMLS Checklist Compiler – see descriptions below.

• New Application. Use if you are submitting the CCN for the first time.
• Transition. Use if your entity had an active CCN on August 16, 2024 and will renew the CCN for 2025. Transitions should be completed by October 31, 2024.
• Amendment. Use if changes occurred to the company or DBA name(s) or mailing address after a CCN submission. You are not required to notify us about any other changes until your next CCN renewal.
• Surrender. Use if you wish to surrender a previously filed CCN.

Once you select the appropriate checklist, scroll down the License column and click the drop-down arrow next to UTDFI. Select “Consumer Credit Notification” to view the checklist with submission instructions.

Those who conduct consumer lending or related activities are responsible to read Title 70C to determine if they are subject to it and to comply accordingly. If you have questions about whether you are subject to the Utah Consumer Credit Code, or about submitting a CCN, please read the following resources.

• Utah Code – Title 70C – Utah Consumer Credit Code
• Consumer Credit Notification Frequently Asked Questions (FAQs)

Pursuant to Utah Code §70C-1-202(2)(d)(ii)(A), the exemption threshold amount, effective January 1, 2025, is $71,900 (aka Regulation Z Threshold).

Contact Us

If you have questions that are not answered in the FAQs, please email us at msb.dfi@utah.gov or call 801-538-8830 and select Option 0.