Laketown at a glance
- Population: about 307 residents, ranking 219th of 255 Census places in Utah (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 301 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 2.0% growth over the 2020 Census base (US Census Bureau).
- Rank among Utah places: 219th of 255 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 14% of places in Utah rank below it by population (US Census Bureau).
- Coordinates: 41.8293, -111.3327 (US Census Bureau Gazetteer).
- Nearest larger cities: Garden City, UT (8 mi); Randolph, UT (14 mi); Hyde Park, UT (25 mi); North Logan, UT (25 mi); Richmond, UT (25 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: St. Charles, ID (20 mi); Woodruff, UT (23 mi); Bloomington, ID (25 mi) (US Census Bureau).
What a personal loan costs in Laketown
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Utah lending rules that apply in Laketown
The sourced rows below are the rules a licensed lender must follow when lending in Utah, and therefore in Laketown.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer lenders under the Utah Consumer Credit Code (Title 70C) must file a Consumer Credit Notification via NMLS Source says: Entities subject to the UCCC's notification requirement must file a Consumer Credit Notification (CCN) through the Nationwide Multistate Licensing System (NMLS). | Utah Department of Financial Institutions (DFI) as of 2026-09-16 |
| State lending regulator | Utah Department of Financial Institutions (DFI) Source says: The Department of Financial Institutions regulates 19 banks, 22 credit unions, 17 industrial banks and 1 trust company. | Utah Department of Financial Institutions (DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | No general cap — parties may agree to any rate; 10% per annum legal rate if no rate is specified (Utah Code § 15-1-1) Source says: The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract | Utah State Legislature as of 2026-09-16 |
| Payday lending status | Legal; deferred deposit lenders must register with the Utah DFI (Utah Code Title 7, ch. 23) Source says: It is unlawful for a person to engage in the business of cashing checks or the business of deferred deposit lending in Utah | Utah State Legislature as of 2026-09-16 |
How to compare offers in Laketown
Here is a short checklist for comparing personal loans in Laketown:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Utah using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.