What is the annual deadline for entities that have filed a notification under the Utah Consumer Credit Code to re-file?

The annual deadline for entities that have filed a notification under the Utah Consumer Credit Code to re-file is January 31. This date is significant because it establishes a clear timeline for compliance and regulatory oversight in the consumer credit sector. By setting this deadline at the end of January, it provides entities a full month to prepare for re-filing after the holiday season, ensuring that all necessary documentation and financial information is properly gathered and submitted for continued compliance with state regulations.

The importance of adhering to this deadline cannot be overstated, as timely re-filing is necessary to maintain a valid notification status, which in turn affects the operation of various consumer lending entities in Utah. Missing this deadline could result in penalties or loss of the authority to engage in certain lending activities under the credit code, thereby emphasizing the need for diligence in the compliance process.