- Payday loans in Fayette follow Utah law (Utah Code Title 7, Chapter 23 (Deferred Deposit Lending)).
- Utah law sets no cap on payday loan fees, so prices vary widely by lender.
- The nearest larger city is Spanish Fork, about 62 miles away.
Fayette at a glance
| Fayette | |
|---|---|
| Population (2024 Census estimate) | 269 |
| Change since 2020 | +8.5% (growing fast) |
| County | Sanpete County |
| Size rank among 230 Utah places we cover | 227th |
| Nearest larger city | Spanish Fork (about 62 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Sanpete County | 3 |
| Other towns within 25 miles | 13 (about 22,480 residents) |
| Typical payday APR statewide (CRL 2023) | 543% |
There is no separate Fayette payday law: Utah rules apply here, and any lender serving Fayette residents, online or in person, needs a license from the Utah Department of Financial Institutions.
Credit unions near Fayette
No credit union has its main office in Fayette, but these are based elsewhere in Sanpete County (NCUA, June 2026):
- North Sanpete Federal Credit Union in Fairview (federal charter — may offer payday alternative loans (PALs))
- Utah Heritage Credit Union in Moroni (state charter)
- South Sanpete Credit Union in Manti (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Fayette
In short, Utah rules that cover Fayette include: loan amount and fees: no statutory cap; maximum interest period: 10 weeks; no interest or fees after that; extended payment plan: after 10 weeks you can ask for an extended payment plan with no extra interest or fees. See the full Utah payday loan rules.
What a $300 loan costs in Fayette
The Center for Responsible Lending put the typical APR on a $400 payday loan in Utah at 543% (June 2023). Utah law sets no cap on payday loan fees, so prices vary widely by lender. Check any offer with our payday loan calculator.
Other help in Sanpete County before you borrow
Before a payday loan, Fayette residents can usually find something cheaper:
- Local assistance through 211 covering Sanpete County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Fayette
The nearest larger city is Spanish Fork, about 62 miles away. See all 230 Utah cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Fayette?
Yes. Payday loans are legal in Fayette under Utah state law, and lenders must be licensed by the Utah Department of Financial Institutions.
How much does a payday loan cost in Fayette?
Utah law sets no cap on payday loan fees, so prices vary widely by lender. The typical statewide APR was 543% in 2023.
Where is the nearest credit union to Fayette?
No credit union is headquartered in Fayette, but North Sanpete Federal Credit Union is based in Fairview, also in Sanpete County.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Utah Code 7-23-401
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary