Utah § 4-19-103 Department authorized to approve and make grants and loans, acquire property, and lease or operate property.

Utah Statutes

§ 4-19-103 — Department authorized to approve and make grants and loans, acquire property, and lease or operate property.

Utah § 4-19-103

Title 4Utah Agricultural Code

Ch. 4-19Rural Rehabilitation

This text of Utah § 4-19-103 (Department authorized to approve and make grants and loans, acquire property, and lease or operate property.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 4-19-103 (2026).

Text

The department, in conjunction with the administration of the rural rehabilitation program, may:

(1)approve and make a loan to a farm or agricultural cooperative association regulated under Title 3, Uniform Agricultural Cooperative Association Act, subject to Section 4-19-104, including:

(1)(a) taking security for the loan through a mortgage, trust deed, pledge, or other security device;

(1)(b) purchasing a promissory note, real estate contract, mortgage, trust deed, or other instrument or evidence of indebtedness; and

(1)(c) collecting, compromising, canceling, or adjusting a claim or obligation arising out of the administration of the rural rehabilitation program;

(2)purchase or otherwise obtain property in which the department has acquired an interest on account of a mortgage, trust

Free access — add to your briefcase to read the full text and ask questions with AI

The department, in conjunction with the administration of the rural rehabilitation program, may:
(1) approve and make a loan to a farm or agricultural cooperative association regulated under Title 3, Uniform Agricultural Cooperative Association Act, subject to Section 4-19-104, including:

(1)(a) taking security for the loan through a mortgage, trust deed, pledge, or other security device;
(1)(b) purchasing a promissory note, real estate contract, mortgage, trust deed, or other instrument or evidence of indebtedness; and
(1)(c) collecting, compromising, canceling, or adjusting a claim or obligation arising out of the administration of the rural rehabilitation program;
(2) purchase or otherwise obtain property in which the department has acquired an interest on account of a mortgage, trust deed, lien, pledge, assignment, judgment, or other means at any execution or foreclosure sale;
(3) operate or lease, if necessary to protect its investment, property in which it has an interest, or sell or otherwise dispose of the property; and
(4) approve and make an education loan or an education grant to an individual for the purpose of attending a vocational school, college, or university to obtain additional education, qualifications, or skills.