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House approves consumer credit changes, raising late‑fee cap and removing grace period
Summary
House Bill 235 cleared the House 47‑20, eliminating a 10‑day grace period for delinquent credit‑card payments and raising a delinquency fee cap to $35 (or 5% whichever is greater). Sponsors said the change keeps Utah competitive for credit‑industry jobs; opponents warned of consumer harms.
The Utah House voted 47‑20 to pass House Bill 235 on Feb. 20, a measure that removes a previously required 10‑day grace period on delinquent credit‑card payments and raises the maximum delinquency charge to $35 (also capped at 5% of the installment due).
Representative Kevin Esgarne, sponsor of the bill, said the measure helps Utah‑based lenders compete nationally and…
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