Altamont at a glance
- Population: a Census-estimated 249, placing it 229th among Utah's 255 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 239 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population rose about 4.2% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Utah places: 229th of 255 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 10% of places in Utah are smaller (US Census Bureau).
- Coordinates: latitude 40.3590, longitude -110.2880 (US Census Bureau Gazetteer).
- Nearest larger cities: Duchesne, UT (14 mi); Myton, UT (17 mi); Roosevelt, UT (17 mi); Ballard, UT (18 mi); Vernal, UT (40 mi); US Census Bureau population estimates.
- Smaller places nearby: Tabiona, UT (22 mi); Independence, UT (53 mi); Dutch John, UT (61 mi), per US Census Bureau estimates.
What a personal loan costs in Altamont
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Altamont
The table lists the Utah rules that apply to a loan made in Altamont, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Altamont
The steps below are worth completing first when you borrow in Altamont:
- 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.