2006 Utah Code - 70D-1-5 — Notice required with loan application.

     70D-1-5.   Notice required with loan application.
     Every mortgage lender and mortgage loan broker shall give, to each person from whom it receives or for whom it prepares a written application for a mortgage loan, a written notice disclosing, if such is the case, that the mortgage loan applied for may be sold or assigned, or the servicing of the loan may be sold or assigned, and that the mortgage loan will not necessarily be held or serviced by the lender which originates it. The written notice required by this section shall be provided at the time of receipt or preparation of the application.

Enacted by Chapter 172, 1990 General Session