Title 70D - Financial Institution Mortgage Financing Regulation Act - Chapter 2 - Mortgage Lending and Servicing Act - Part 3 - Operational Requirements - Section 304 - Statement to be provided.

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Utah Code

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70D-2-304 Statement to be provided. (1) Unless a servicer regularly provides the information described in this Subsection (1) in a

monthly statement to a mortgagor, the servicer shall deliver to a mortgagor, within 15 days after receipt of a written request, a statement of the mortgagor's account including the following information:

(a) the date and amount of the payments credited to the account within the previous 12-month period;

(b) the balance in any escrow account held by the servicer; and (c) the total unpaid balance of the mortgage loan.

(2) A servicer shall provide the first two statements requested for an account in a 12-month period without charge. If more than two statements are requested for the same account in a 12-month period, the servicer may charge a reasonable fee for an additional statement.

Renumbered and Amended by Chapter 72, 2009 General Session