Utah § 57-28-202 Borrower requirements.

Utah Statutes

§ 57-28-202 — Borrower requirements.

Utah § 57-28-202

Title 57Real Estate

Ch. 57-28Utah Reverse Mortgage Act

Part 57-28-2Reverse Mortgage Requirements

This text of Utah § 57-28-202 (Borrower requirements.) 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. § 57-28-202 (2026).

Text

A borrower shall:

(1)(1)(a) for a home equity conversion mortgage insured by the Federal Housing Administration under Title 1 of the National Housing Act, 12 U.S.C. Sec. 1715z-20, be 62 years old or older; and

(1)(b) for proprietary loans not insured by the Federal Housing Administration, be 55 years old or older; and

(2)occupy the dwelling that secures the reverse mortgage as a principal residence.

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A borrower shall:
(1) (1)(a) for a home equity conversion mortgage insured by the Federal Housing Administration under Title 1 of the National Housing Act, 12 U.S.C. Sec. 1715z-20, be 62 years old or older; and
(1)(b) for proprietary loans not insured by the Federal Housing Administration, be 55 years old or older; and
(2) occupy the dwelling that secures the reverse mortgage as a principal residence.