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2015 Utah Code
Title 61 - Securities Division - Real Estate Division
Chapter 2d - Utah High Cost Home Loan Act
Section 107 - Prohibition on single premium credit life insurance.

UT Code § 61-2d-107 (2015) What's This?
61-2d-107. Prohibition on single premium credit life insurance.
A borrower credit transaction involving a high-cost mortgage may not include:
  • (1) the offer or sale of any insurance policy, on a single premium or single fee basis, that insures, guarantees, or indemnifies the repayment of the outstanding balance of the loan against:
    • (a) death;
    • (b) illness;
    • (c) accident;
    • (d) disability; or
    • (e) unemployment of the borrower; or
  • (2) debt cancellation or a debt suspension agreement.


Enacted by Chapter 252, 2004 General Session

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