Utah Code 70A-9a-201. General effectiveness of security agreement
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(1) Except as otherwise provided in this title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.
Terms Used In Utah Code 70A-9a-201
- Statute: A law passed by a legislature.
(2) A transaction subject to this chapter is subject to:
(2)(a) any applicable rule of law which establishes a different rule for consumers; and
(2)(b) Title 70C, Utah Consumer Credit Code .
(3) In case of conflict between this chapter and a rule of law, statute, or regulation described in Subsection (2) , the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in Subsection (2) has only the effect the statute or regulation specifies.
(4) This chapter does not:
(4)(a) validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in Subsection (2) ; or
(4)(b) extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.