Reader comments
Utah's payday ripoff
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woodsman | 9:43 a.m. Sept. 19, 2007
It is a Violation of the UCCC(UNIFORM COMMERCIAL CREDIT CODE)For a PayDay Lender
that is licened in Utah to conduct or make loans to a resident in another State.
Unless they are lic. in that state as well. Most online PayDay Loan Companies do
not know this law is in place in States that allow PayDay Loans. you must be
lic. in every state you make loans to those residents. kansas for example
requires a lic. to to business and if you do payday lons with kansas residents
you must be lic. this applies to all states that allow payday loans
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What? | 1:29 a.m. Feb. 25, 2008
Woodsman: Utah never adopted the UCCC. Thanks for checking your facts before
commenting.
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