What is the main restriction on fees charged by loan originators according to Utah statute?

The main restriction on fees charged by loan originators according to Utah statute is that they may not be excessive. This is important because it aims to protect consumers from being charged unreasonable or inflated fees during the loan origination process. The prohibition against excessive fees ensures that borrowers are treated fairly and that the cost of borrowing remains manageable.

In practice, this means that while loan originators can set their fees based on various factors, those fees must be justified and not placed beyond a reasonable threshold. This restriction helps maintain market integrity and promotes ethical lending practices, ensuring that borrowers receive transparency and fairness in the costs associated with their loans.