# Utah Code § 7-24-204: Remedy for default

> Utah · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_204

## Section

- **Citation:** Utah Code § 7-24-204
- **Heading:** Remedy for default
- **Jurisdiction:** Utah
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Utah Code / Title 7 / Chapter 7-24 / § 7-24-204

## Text

Except in the event of fraud by a borrower, if a borrower defaults on a title loan: (1) the title lender's sole remedy is to seek repossession and sale of the property securing the title loan; (2) the title lender may not pursue the borrower personally for: (a) repayment of the loan; or (b) any deficiency after repossession and sale of the property securing the loan; and (3) after repossession and sale of the property securing the title loan, the title lender shall return to the borrower any proceeds from the sale in excess of the amount owed on the title loan.

## Nearby sections

- [Utah Code § 7-24-101 § 7-24-101. Title.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_101.md)
- [Utah Code § 7-24-102 § 7-24-102. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_102.md)
- [Utah Code § 7-24-201 § 7-24-201. Registration -- Rulemaking.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_201.md)
- [Utah Code § 7-24-202 § 7-24-202. Operational requirements for title loans.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_202.md)
- [Utah Code § 7-24-203 § 7-24-203. Disclosure form for title loans.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_203.md)
- [Utah Code § 7-24-204 § 7-24-204. Remedy for default.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_204.md)
- [Utah Code § 7-24-301 § 7-24-301. Enforcement by department -- Rulemaking.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_301.md)
- [Utah Code § 7-24-302 § 7-24-302. Examination of books, accounts, and records by the department.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_302.md)
- [Utah Code § 7-24-303 § 7-24-303. Penalties.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_303.md)
- [Utah Code § 7-24-304 § 7-24-304. Civil liability.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_304.md)
- [Utah Code § 7-24-305 § 7-24-305. Exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_305.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_UT_T7_S7_24_204. Check the current official text before relying on it. Not legal advice.