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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, 1 costs, 0 mixed.

Borrowers get debt balance rules in court

Beginning May 6, 2026, Utah law sets balance rules when creditors make closed-end consumer debt due early and obtain judgments. The creditor must calculate the balance as if the borrower paid in full on the judgment date. Any legally allowed offset is subtracted from the balance. The judgment still earns interest at the rate agreed to for the debt.

Borrowers generally cannot recover prepaid charges

Beginning May 6, 2026, Utah borrowers generally cannot recover prepaid finance charges when paying closed-end consumer debt early. These are loans with a set repayment schedule, rather than revolving credit. A refund is allowed only if the borrower and creditor expressly agree to it. The law uses the federal Regulation Z definition of prepaid finance charges. These charges do not count as prepayment penalties.

Sponsors & Cosponsors

Sponsor

  • Brady Brammer

    Republican • Senate

Cosponsors

  • Calvin Roberts

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 144 • No: 0

House vote • 3/4/2026

House/ passed 3rd reading

Yes: 69 • No: 0

House vote • 2/27/2026

House Comm - Favorable Recommendation

Yes: 9 • No: 0

House vote • 2/27/2026

House Comm - Consent Calendar 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

Senate vote • 2/6/2026

Senate Comm - Favorable Recommendation

Yes: 7 • No: 0

Actions Timeline

  1. Governor Signed

    3/23/2026

  2. Senate/ to Governor

    3/13/2026Senate

  3. Senate/ received enrolled bill from Printing

    3/13/2026Senate

  4. Senate/ enrolled bill to Printing

    3/11/2026Senate

  5. Enrolled Bill Returned to House or Senate

    3/11/2026

  6. Draft of Enrolled Bill Prepared

    3/6/2026

  7. Bill Received from Senate for Enrolling

    3/6/2026

  8. Senate/ signed by President/ sent for enrolling

    3/4/2026Senate

  9. Senate/ received from House

    3/4/2026Senate

  10. House/ to Senate

    3/4/2026House

  11. House/ signed by Speaker/ returned to Senate

    3/4/2026House

  12. House/ passed 3rd reading

    3/4/2026House

  13. House/ 3rd reading

    3/4/2026House

  14. House/ 2nd reading

    3/2/2026House

  15. House/ comm rpt/ placed on Consent Calendar

    3/2/2026House

  16. House Comm - Consent Calendar Recommendation

    2/27/2026

  17. House Comm - Favorable Recommendation

    2/27/2026

  18. House/ to standing committee

    2/25/2026House

  19. House/ 1st reading (Introduced)

    2/24/2026House

  20. House/ received from Senate

    2/24/2026House

  21. Senate/ to House

    2/24/2026Senate

  22. Senate/ passed 3rd reading

    2/24/2026Senate

  23. Senate/ 3rd reading

    2/24/2026Senate

  24. Senate/ passed 2nd reading

    2/23/2026Senate

  25. Senate/ 2nd reading

    2/23/2026Senate

Bill Text

  • Enrolled

    3/11/2026

    PDF

  • Introduced

    1/30/2026

    PDF

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