Utah Administrative Code
Topic - Financial Institutions
Title R335 - Consumer Credit
Rule R335-1 - Rule Prohibiting Negative Amortizing Wrap Loans
Section R335-1-2 - Definitions
Universal Citation: UT Admin Code R 335-1-2
Current through Bulletin 2024-06, March 15, 2024
"Wrap loan" means an extension of credit that includes an agreement by the lender to service all or part of the balance due on other debts owed by the borrower out of payments made on the wrap loan.
Disclaimer: These regulations may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
