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  1. #1
    Join Date
    Jul 2008
    Location
    slc, ut
    Posts
    4

    Default Payday Loan Extensions

    My question involves collection proceedings in the State of: Utah
    If a payday loan is taken out by a resident of utah, but the business is located in any other state (this case being Kansas), does this business still need to comply with the law established in Utah?
    Utah has a limit of 12 weeks for extensions, or refinancing such loans, and I need to make sure that this business in Kansas has to recognize this law. Or better yet, if the national limit is 12 weeks or less, that also solves the question. I have not been able to find the national limit, but here is a link to the utah info:
    http://www.dfi.utah.gov/PDFiles/Cons...0in%20Utah.pdf

    Thanks for any info.

  2. #2
    Join Date
    Jul 2006
    Posts
    5,437

    Default Re: Payday Loan Extensions

    A business must comply with the laws in the state where it operates.

  3. #3
    Join Date
    Jul 2008
    Location
    slc, ut
    Posts
    4

    Default Re: Payday Loan Extensions

    So, when they are conducting business in Utah (even through the internet), they must follow the laws in Utah. Did I understand that correctly?

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