Utah Code 7-23-504. Penalties
Current as of: 2024 | Check for updates
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(1) A person who violates this chapter or who files materially false information with a registration or renewal under Section 7-23-201 is:
For details, see Utah Code § 76-3-204
Attorney's Note
Under the Utah Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| class B misdemeanor | up to 6 months | up to $1,000 |
Terms Used In Utah Code 7-23-504
- Business of cashing checks: means cashing a check for consideration. See Utah Code 7-23-102
- Business of deferred deposit lending: means extending a deferred deposit loan. See Utah Code 7-23-102
- Department: means the Department of Financial Institutions. See Utah Code 7-1-103
- Person: means :(27)(a) an individual;(27)(b) a corporation;(27)(c) a limited liability company;(27)(d) a partnership;(27)(e) a trust;(27)(f) an association;(27)(g) a joint venture;(27)(h) a pool;(27)(i) a syndicate;(27)(j) a sole proprietorship;(27)(k) an unincorporated organization; or(27)(l) any form of business entity. See Utah Code 7-1-103(1)(a) guilty of a class B misdemeanor, except for a violation of:(1)(a)(i) Subsection 7-23-401(1)(f)(i), (ii), or (iii); or(1)(a)(ii) rules made under Subsection 7-23-501(2)(b); and(1)(b) subject to revocation of a person’s registration under this chapter.
(2) Subject to Title 63G, Chapter 4, Administrative Procedures Act, if the department determines that a person is engaging in the business of cashing checks or the business of deferred deposit lending in violation of this chapter, the department may:
(2)(a) revoke that person’s registration under this chapter;
(2)(b) issue a cease and desist order from committing any further violations;
(2)(c) prohibit the person from continuing to engage in the business of:
(2)(c)(i) cashing checks; or
(2)(c)(ii) deferred deposit lending;
(2)(d) impose an administrative fine not to exceed $1,000 per violation, except that:
(2)(d)(i) a fine imposed under Subsection 7-23-201(4) shall comply with Subsection 7-23-201(4); and
(2)(d)(ii) the aggregate total of fines imposed under this chapter against a person in a calendar year may not exceed $30,000 for that calendar year; or
(2)(e) take any combination of actions listed under this Subsection (2).