There is a newer version of the Utah Code
2016 Utah Code
Title 70D - Financial Institution Mortgage Financing Regulation Act
Chapter 2 - Mortgage Lending and Servicing Act
Part 1 - General Provisions
Section 103 - Exemptions.
UT Code § 70D-2-103 (2016) What's This?
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
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