Utah Statutes
§ 17D-2-507 — Required provision in device securing payment of bonds.
Utah·Title 17D Limited Purpose Local Government Entities - Other Entities·Ch. 17D-2 Local Building Authority Act·Part 17D-2-5 Local Building Authority Bonds
Each mortgage, trust deed, security agreement, trust indenture, or other security device securing payment of bonds issued under this part shall provide that no deficiency judgment upon foreclosure may be entered against:
(1)the local building authority;
(2)the state; or
(3)any political subdivision of the state.
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Utah § 17D-2-507 (Required provision in device securing payment of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 360, 2008 General Session