Title 70A - Uniform Commercial Code - Chapter 9a - Uniform Commercial Code - Secured Transactions - Part 2 - Effectiveness of Security Agreement - Attachment of Security Interest - Rights of Parties to Security Agreement - Section 201 - General effectiven

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Utah Code

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70A-9a-201 General effectiveness of security agreement. (1) Except as otherwise provided in this title, a security agreement is effective according to its

terms between the parties, against purchasers of the collateral, and against creditors. (2) A transaction subject to this chapter is subject to:

(a) any applicable rule of law which establishes a different rule for consumers; and (b)Title 70C, Utah Consumer Credit Code.

(3) In case of conflict between this chapter and a rule of law, statute, or regulation described in Subsection (2), the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in Subsection (2) has only the effect the statute or regulation specifies.

(4) This chapter does not: (a) validate any rate, charge, agreement, or practice that violates a rule of law, statute, or

regulation described in Subsection (2); or (b) extend the application of the rule of law, statute, or regulation to a transaction not otherwise

subject to it.

Enacted by Chapter 252, 2000 General Session