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Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-2-103. Exemptions

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

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.

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Cite this article: FindLaw.com - Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-2-103. Exemptions - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-70d-financial-institution-mortgage-financing-regulation-act/ut-code-sect-70d-2-103/

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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