Interest rate -- Preconstruction service or construction contract -- Lien.

Utah Code § 38-1a-309, under Part 38-1a-3: Provisions Applicable to Preconstruction Liens and Construction Liens.

Utah Code § 38-1a-309

38-1a-309. Interest rate -- Preconstruction service or construction contract -- Lien.

(1) Subject to Subsection, the interest rate that applies to a lawful contract for preconstruction service or construction work on or for a project property, or to a lien claimed under this chapter against the project property, is, unless otherwise provided in the lawful contract, the rate described in Subsection. (2) 15-1-1(2)

(2) If a person that claims a lien against project property under this chapter is not in privity of contract with the owner or owner-builder, the interest rate that applies to the person's lien may not exceed the rate described in Subsection. 15-1-1(2)