There Is a Newer Version
of
the Utah Code
2012 Utah Code
Title 70D - Financial Institution Mortgage Financing Regulation Act
Article 2 - Mortgage Lending and Servicing Act
Section 103 - Exemptions.
Universal Citation:
UT Code ยง 70D-2-103 (2012)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
70D-2-103. Exemptions.
This chapter does not apply to:
(1) a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers;
(2) an agency of the following that grants a first mortgage loan under a specific federal or state law:
(a) the federal government;
(b) a state, county, or municipal government; or
(c) a quasi-governmental agency;
(3) a casual lender that makes less than five mortgage loans a year; or
(4) a mortgage loan of two years or less.
Renumbered and Amended by Chapter 72, 2009 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
