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Utah Code Title 38. Liens § 38-1a-602. Notice concerning construction loan default

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Within five business days after a notice of default is filed for recording under Section 57-1-24 with respect to a trust deed on the project property securing a construction loan, the construction lender under the loan shall file a notice with the registry.

(2) A notice under Subsection (1) shall:

(a) include:

(i) the information required to be included in a notice of construction loan under Subsection 38-1a-601(2); and

(ii) the entry number of the notice of construction loan;

(b) state that a notice of default with respect to the construction loan has been recorded; and

(c) state the date that the notice of default was recorded.

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Cite this article: FindLaw.com - Utah Code Title 38. Liens § 38-1a-602. Notice concerning construction loan default - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-38-liens/ut-code-sect-38-1a-602/

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