There is a newer version of the Utah Code
2015 Utah Code
Title 7 - Financial Institutions Act
Chapter 17 - Interest on Mortgage Loan Reserve Accounts
- Section 1 - Legislative intent.
- Section 2 - Definitions.
- Section 3 - Lender to pay interest -- Exceptions -- Service charges prohibited.
- Section 4 - Options in lieu of reserve account -- Notice by lender -- Selection by borrower -- Noninterest-bearing reserve account -- Exemption.
- Section 5 - Statements.
- Section 6 - Liability of lender for failure to pay taxes, insurance premiums, or other charges.
- Section 7 - Limit on amount borrower required to pay into account -- Deficiency -- Method of recouping and remedies for default.
- Section 8 - Damages for lender's violation of act -- Limitations on recovery.
- Section 9 - Actions on accounts established prior to 1979 -- Limitations on recovery.
- Section 10 - Applicability of act to accounts and actions thereon.
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