Utah 2026 General Session Status: Enacted 2 R cosponsors

SB 230 — Consumer Credit Amendments

Last action — Governor Signed

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 30, 2026. Enacted.

Signed by Governor Spencer Cox (Republican) on March 23, 2026.

Prognosis

Advancing 54% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

12 added · 12 removed

Plain-language change summary

The amendments to Bill SB 230 clarify the rules around paying off consumer credit debt early. Specifically, the bill now defines "prepaid finance charge" and "prepayment penalty," and it removes previous language that allowed borrowers to pay their debts without penalties under certain conditions. This change is important because it makes the terms of prepayment more transparent and consistent, potentially affecting how borrowers manage their debt repayment options.

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Latest
02-24 10:29 S.B.
Enrolled Copy S.B.
S 70C-3-101 .
70C-3-101 .
B [(1)(a) Subject to the other provisions of this section, a debtor may prepay the unpaid .
[(1)(a) Subject to the other provisions of this section, a debtor may prepay the unpaid balance of a closed-end consumer credit debt at any time without penalty.] [(b) Notwithstanding Subsection (1)(a), a debtor may be required to pay a prepayment S.B.
balance of a closed-end consumer credit debt at any time without penalty.] 3 [(b) Notwithstanding Subsection (1)(a), a debtor may be required to pay a prepayment 0 fee for prepaying a closed-end extension of credit secured by a subordinate lien on a dwelling that is not subject to Section 32 of Regulation Z, 12 C.F.R., Sec.
230 Enrolled Copy fee for prepaying a closed-end extension of credit secured by a subordinate lien on a dwelling that is not subject to Section 32 of Regulation Z, 12 C.F.R., Sec.
226.32 if:] [(i) the creditor offers the debtor the option of entering into either:] S.B.
226.32 if:] [(i) the creditor offers the debtor the option of entering into either:] [(A) a contract that does not contain a prepayment fee;
230 02-24 10:29 [(A) a contract that does not contain a prepayment fee;
and] [(ii) the debtor enters into the contract described in Subsection (1)(b)(i)(B).] (1)(a) As used in this section:
and] [(ii) the debtor enters into the contract described in Subsection (1)(b)(i)(B).] (1) As used in this section:
(b) "Prepaid finance charge" means the same as that term is defined in 12 C.F.R.
(a) "Prepaid finance charge" means the same as that term is defined in 12 C.F.R.
(c)(i) "Prepayment penalty" means a contingent fee that a creditor assesses against a debtor for paying all or any portion of an outstanding debt before the debt's scheduled due date.
(b)(i) "Prepayment penalty" means a contingent fee that a creditor assesses against a debtor for paying all or any portion of an outstanding debt before the debt's scheduled due date.
[(ii) Any prepaid finance charges in addition to the prepaid finance charges described in Subsection (2)(c)(i) are considered to be earned proportionally over the entire term of the agreement, and in that event of prepayment, any unearned portion of - 2 - 02-24 10:29 S.B.
- 2 - Enrolled Copy S.B.
230 such charge, calculated on a pro rata basis according to the remaining term of the agreement, shall be rebated.] [(iii) Notwithstanding Subsections (2)(c)(i) and (ii), on a closed-end extension of credit secured by a subordinate lien on a dwelling that is not subject to Section 32 of Regulation Z, 12 C.F.R., Sec.
230 [(ii) Any prepaid finance charges in addition to the prepaid finance charges described in Subsection (2)(c)(i) are considered to be earned proportionally over the entire term of the agreement, and in that event of prepayment, any unearned portion of such charge, calculated on a pro rata basis according to the remaining term of the agreement, shall be rebated.] [(iii) Notwithstanding Subsections (2)(c)(i) and (ii), on a closed-end extension of credit secured by a subordinate lien on a dwelling that is not subject to Section 32 of Regulation Z, 12 C.F.R., Sec.
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How this bill changes current law

5 changes Share ↗

Compared against the Utah Code as published AI-generated reading aid — verify against the official bill.

The bill removes the exception allowing for prepayment penalties in certain circumstances, ensuring that debtors may not incur such penalties.

  • 70C-3-101

    [(1)(a) Subject to the other provisions of this section, a debtor may prepay the unpaid balance of a closed-end consumer credit debt at any time without penalty.]

    Clarifies that debtors can prepay their debts without facing any penalties.

  • 70C-3-101

    [(b) Notwithstanding Subsection (1)(a), a debtor may be required to pay a prepayment fee for prepaying a closed-end extension of credit secured by a subordinate lien on a dwelling that is not subject to Section 32 of Regulation Z, 12 C.F.R., Sec. 226.32 if:]

    Eliminates the provision that allowed prepayment fees under specific conditions.

  • 70C-3-101

    [(2)(c)(i) Any prepaid finance charge not exceeding 5% of the original principal amount of the debt which the parties expressly agree is nonrefundable in the event of prepayment shall be fully earned on the date the credit is extended.]

    Removes a provision related to nonrefundable prepaid finance charges.

  • 70C-3-101

    [(2)] → (1)

    Updates the subsection numbering for clarity and consistency.

  • 70C-3-101

    [(3)(c)] → (2)(c)

    Adjusts the subsection reference due to renumbering.

Action History

  1. Governor Signed

  2. Senate/ to Governor

  3. Senate/ received enrolled bill from Printing

  4. Senate/ enrolled bill to Printing

  5. Enrolled Bill Returned to House or Senate

  6. Draft of Enrolled Bill Prepared

  7. Bill Received from Senate for Enrolling

  8. Senate/ signed by President/ sent for enrolling

  9. Senate/ received from House

  10. House/ to Senate

  11. House/ signed by Speaker/ returned to Senate

  12. House/ passed 3rd reading

  13. House/ 3rd reading

  14. House/ 2nd reading

  15. House/ comm rpt/ placed on Consent Calendar [House Business, Labor, and Commerce Committee]

  16. House Comm - Consent Calendar Recommendation [House Business, Labor, and Commerce Committee]

  17. House Comm - Favorable Recommendation [House Business, Labor, and Commerce Committee]

  18. House/ to standing committee [House Business, Labor, and Commerce Committee]

  19. House/ 1st reading (Introduced)

  20. House/ received from Senate

  21. Senate/ to House

  22. Senate/ passed 3rd reading

  23. Senate/ 3rd reading

  24. Senate/ passed 2nd reading

  25. Senate/ 2nd reading

  26. Senate/ placed on 2nd Reading Calendar

  27. Senate/ committee report favorable [Senate Business and Labor Committee]

  28. Senate Comm - Favorable Recommendation [Senate Business and Labor Committee]

  29. Senate/ received fiscal note from Fiscal Analyst

  30. LFA/ fiscal note publicly available for SB0230

  31. Senate/ to standing committee [Senate Business and Labor Committee]

  32. LFA/ fiscal note sent to sponsor for SB0230

  33. Senate/ 1st reading (Introduced)

  34. Senate/ received bill from Legislative Research

  35. LFA/ bill sent to agencies for fiscal input for SB0230

  36. LFA/ bill assigned to staff for fiscal analysis for SB0230

  37. Numbered Bill Publicly Distributed

  38. Bill Numbered but not Distributed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 102 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (102)

102 members have not signed on to this bill.

Show all 102 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 230?
SB 230 is sponsored by Calvin Roberts (Republican) and Brady Brammer (Republican).
What is the current status of SB 230?
This bill has been enacted into law. Introduced January 30, 2026. Enacted.
Where can I track SB 230?
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