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Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-2-104. Ordinance or law by political subdivision prohibited

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

(1) A county subject to Title 17, Counties, and a municipality subject to Title 10, Utah Municipal Code, may not enact an ordinance or law that:

(a) regulates a term of a mortgage loan on a dwelling; or

(b) makes the eligibility of a person to do business with the county or municipality dependent upon a term of a mortgage loan on a dwelling originated or serviced by the person.

(2) Subsection (1) does not apply to a term or loan funded in whole or in part with money provided or administered by the county or municipality.

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Cite this article: FindLaw.com - Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-2-104. Ordinance or law by political subdivision prohibited - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-70d-financial-institution-mortgage-financing-regulation-act/ut-code-sect-70d-2-104/

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