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Current as of January 01, 2025 | Updated by Findlaw Staff
As used in Sections 57-1-40 and 57-1-44:
(1) “Beneficiary” means the record owner of the beneficiary's interest under a trust deed, including successors in interest.
(2) “Deliver” or “delivered” means by:
(a) overnight delivery by a reputable carrier;
(b) United States certified mail or express mail;
(c) hand delivery with receipt acknowledged in writing; or
(d) facsimile or electronic mail belonging to the beneficiary, mortgagee, or servicer.
(3) “Mortgage” is as described in Section 57-1-14.
(4) “Mortgagee” means the record owner of the mortgagee's interest under a mortgage, including a successor in interest.
(5) “Satisfactory evidence of the full payment of the obligation secured by a trust deed or mortgage” means written information adequate, in the opinion of a title insurer or title agent, to establish that the obligation secured by the trust deed or mortgage has been paid in full.
(6) “Servicer” means a person or entity that collects loan payments on behalf of a beneficiary or mortgagee.
(7) “Title agent” means a title insurance producer licensed as an organization under Title 31A, Chapter 23a, Part 2, Producers and Consultants.
(8) “Title insurer” means a title insurer authorized to conduct business in the state under Title 31A, Chapter 23a, Part 2, Producers and Consultants.
(9) “Trust deed” is as defined in Subsection 57-1-19(3).
Cite this article: FindLaw.com - Utah Code Title 57. Real Estate § 57-1-39. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-57-real-estate/ut-code-sect-57-1-39/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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