All Roll Calls
Yes: 144 • No: 0
UtahS.B. 2302026 General SessionSenateWALLET
Consumer Credit Amendments
Sponsored By: Brady Brammer (Republican)
Signed by Governor
BusinessCommerce and TradeConsumer CreditContracts and Obligations
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Judgment balance set on judgment day
Beginning May 6, 2026, if a creditor speeds up a closed-end loan and gets a court judgment, your unpaid balance is set as if you paid in full on the judgment date. The judgment then earns interest at the contract rate you agreed to.
No penalties for early loan payoff
Beginning May 6, 2026, you can pay off a closed-end consumer loan early without a prepayment penalty. A prepayment penalty means a fee for paying before the due date; it is not the same as a prepaid finance charge under federal rules. Prepaid finance charges you agree are nonrefundable up to 5% of the original principal are fully earned on day one; any amount above 5% is earned over the loan and the unearned part is rebated if you prepay. For closed-end loans with a junior lien on a home that are not covered by the federal high‑cost loan rule, any prepaid finance charge is fully earned on day one. Third‑party charges are not rebated unless the lender gets a rebate, and your payoff balance includes only earned finance charges, unpaid principal, and earlier delinquency or deferral charges, figured by the actuarial or United States Rule methods.
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Sponsors & Cosponsors
Sponsor
Brady Brammer
Republican • Senate
Cosponsors
Calvin Roberts
Republican • House
Roll Call Votes
House vote • 3/4/2026
House/ passed 3rd reading
Yes: 69 • No: 0
House vote • 2/27/2026
House Comm - Consent Calendar Recommendation
Yes: 9 • No: 0
House vote • 2/27/2026
House Comm - Favorable Recommendation
Yes: 9 • No: 0
Senate vote • 2/24/2026
Senate/ passed 3rd reading
Yes: 25 • No: 0
Senate vote • 2/23/2026
Senate/ passed 2nd reading
Yes: 25 • No: 0
House vote • 2/6/2026
Senate Comm - Favorable Recommendation
Yes: 7 • No: 0
Actions Timeline
Governor Signed
3/23/2026Senate/ to Governor
3/13/2026SenateSenate/ received enrolled bill from Printing
3/13/2026SenateSenate/ enrolled bill to Printing
3/11/2026SenateEnrolled Bill Returned to House or Senate
3/11/2026Draft of Enrolled Bill Prepared
3/6/2026Bill Received from Senate for Enrolling
3/6/2026Senate/ signed by President/ sent for enrolling
3/4/2026SenateSenate/ received from House
3/4/2026SenateHouse/ to Senate
3/4/2026HouseHouse/ signed by Speaker/ returned to Senate
3/4/2026HouseHouse/ passed 3rd reading
3/4/2026HouseHouse/ 3rd reading
3/4/2026HouseHouse/ 2nd reading
3/2/2026HouseHouse/ comm rpt/ placed on Consent Calendar
3/2/2026HouseHouse Comm - Consent Calendar Recommendation
2/27/2026House Comm - Favorable Recommendation
2/27/2026House/ to standing committee
2/25/2026HouseHouse/ 1st reading (Introduced)
2/24/2026HouseHouse/ received from Senate
2/24/2026HouseSenate/ to House
2/24/2026SenateSenate/ passed 3rd reading
2/24/2026SenateSenate/ 3rd reading
2/24/2026SenateSenate/ passed 2nd reading
2/23/2026SenateSenate/ 2nd reading
2/23/2026Senate
Bill Text
Enrolled
3/11/2026
Introduced
1/30/2026
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