Title 70D - Financial Institution Mortgage Financing Regulation Act - Chapter 2 - Mortgage Lending and Servicing Act - Part 1 - General Provisions - Section 103 - Exemptions.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

Utah Code

Page 1

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