On Mar. 25, 2025, UTA LEG governor approved bill HB 96 S1, effective May 7, 2025.
On Mar. 11, UTA LEG passed bill on increasing penalty for fraud.
UTA LEG passed bill HB 96 S1 relating to criminal offense for defrauding of creditors.
Amends UTA LEG 76-6-5-511 of the Utah criminal code on defrauding of creditors.
Bill Provisions
Amends offense of defrauding of creditors to increase penalty based on value of fraud.
The act of defrauding of creditors to include the hindering of enforcement of the security interest and depriving the secured party of lawful possession of the property.
Violation is a class A misdemeanor if unpaid balance owed to the creditor is less than $10,000, third degree felony if unpaid balance owed to creditor is or exceeds $10,000.
Does not impose liability on law enforcement officer acting in scope of investigation.
Legislative History
On Jan. 21, 2025, bill was introduced in House; on Feb. 7, 2025, bill passed in House.
On Feb. 7, 2025, bill was introduced in Senate; on Mar. 7, 2025, bill passed in Senate.
On Mar. 7, 2025, House concurred changes; on Mar. 11, 2025, enrolled bill prepared.
Effectiveness
If enacted, bill provisions take effect on May 7, 2025.
Mar. 25, 2025 UTA LEG Governor Approval
On Mar. 25, 2025, UTA LEG governor approved bill HB 96 S1, effective May 7, 2025.
Regulators
UTA LEG
Entity Types
Bank; CU; MG Orig; MSB; Thrift
Reference
Act, 3/25/2025; Bill HB0096, 3/11/2025; Citation: UTA LEG 76-6-5-511;
