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House passes HB30 to broaden consumer sales protections; amendment adds non‑depository lenders
Summary
The Utah House approved House Bill 30, expanding consumer sales protections to cover certain endorsements and extending coverage to reputable non‑depository small‑loan firms, with members agreeing the Department of Financial Institutions would regulate payday‑style lenders included under the amendment.
The Utah House approved House Bill 30, consumer sales practice act amendments, following floor debate and a sponsor‑offered amendment.
Representative Kaiser brought HB30 to the floor, saying the bill sought to make illegal certain practices allowing third parties to cash checks and complete endorsements tied to contracts for services. Representative Hogue offered…
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