Utah Administrative Code
Topic - Financial Institutions
Title R335 - Consumer Credit
Rule R335-2 - Rule Prescribing Allowable Terms and Disclosure Requirements for Variable and Adjustable Interest Rates in Consumer Credit Contracts
Section R335-2-2 - Definition

Universal Citation: UT Admin Code R 335-2-2
Current through Bulletin 2024-06, March 15, 2024

For purposes of this rule, "variable or adjustable rate" shall refer to any interest rate or finance charge in a consumer credit agreement which varies or fluctuates in accordance with a specified index, whether or not any variation is subject to a minimum or maximum change, or both, or a floor or ceiling rate, or both.

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