2006 Utah Code - 57-15-1 — Legislative findings.

     57-15-1.   Legislative findings.
     The Legislature finds that clauses in instruments representing security interests in residential real property which allow a secured party to accelerate or mature an indebtedness secured by property, or increase the interest thereon, upon the sale or transfer of the property or upon assumption of the indebtedness, in certain circumstances, constitute unreasonable restraints on alienation to the detriment of the public welfare.

Enacted by Chapter 224, 1981 General Session