Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-2-303. Notice upon closing--Ongoing duty to notify--Statements required

(a) the name of the initial servicer that will service the loan; and

(b) the address at which a loan payment should be made.

(b) Unless an assigning servicer regularly provides the information in a monthly statement to a mortgagor, the notice from the assigning servicer shall include the following information in addition to the information required by Subsection (2)(a):

(c) The servicer that assigns the servicing and the successor servicer may, at their option, comply with the requirements of this Subsection (2) by both signing one notice and mailing the notice to the mortgagor.

(d) A signature on a notice required by this section may be printed, stamped, or in another facsimile.

(e) A lender and a subsequent servicer of a mortgage loan shall comply with Section 7-17-6.

(3)(a) An inadvertent error in a notice required in Subsection (2) may not be construed to waive a payment that would otherwise be due from a mortgagor.

(b) A late payment penalty may not be assessed against a mortgagor with respect to a payment that is misdirected because of:

(a) the payment is insufficient to pay the principal, interest, late charges, and reserves then due;

(b) the mortgage loan is referred to an attorney because of default; or

(c) the payment is received at an address other than the address for payment specified in writing to the mortgagor.