Utah Code » Title 38, Chapter 1a — Preconstruction and Construction Liens; part 38-1a-3 — Provisions Applicable to Preconstruction Liens and Construction Liens
Utah Code

Utah Code § 38-1a-309 (2026)

Interest rate -- Preconstruction service or construction contract -- Lien

✓ current as of May 2026
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Subject to Subsection (2), the interest rate that applies to a lawful contract for preconstruction service or construction work on or for a project property, or to a lien claimed under this chapter against the project property, is, unless otherwise provided in the lawful contract, the rate described in Subsection 15-1-1(2).
If a person that claims a lien against project property under this chapter is not in privity of contract with the owner or owner-builder, the interest rate that applies to the person's lien may not exceed the rate described in Subsection 15-1-1(2).
Notes of Decisions
Cited in 1 case, 2018–2018 · leading case: Legrand Johnson Constr. Co. v. Celtic Bank Corp., 2018 UT 18 (Utah 2018).
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Legrand Johnson Constr. Co. v. Celtic Bank Corp., 2018 UT 18 (Utah 2018). · cites it 2× “3d 296 (citing Utah Code § 38-1a-309 (2012) ). But we also concluded, as we reinforce here, that the amended provision has no effect on its predecessor, and does not apply retroactively.”
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