Utah § 57-28-205 Costs and repayment.

Utah Statutes

§ 57-28-205 — Costs and repayment.

Utah § 57-28-205

Title 57Real Estate

Ch. 57-28Utah Reverse Mortgage Act

Part 57-28-2Reverse Mortgage Requirements

This text of Utah § 57-28-205 (Costs and repayment.) 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. § 57-28-205 (2026).

Text

A lender may collect the following charges and fees in connection with the origination of a reverse mortgage:

(1)the actual expenses that the lender incurs in originating and closing the reverse mortgage, including a mortgage broker's fee if the mortgage broker and the lender do not share any pecuniary interests; and

(2)the actual amount that the lender paid for:

(2)(a) a recording fee;

(2)(b) a credit report;

(2)(c) a survey, if required by the lender or the borrower;

(2)(d) a title examination;

(2)(e) the lender's title insurance; and

(2)(f) an initial appraisal of the real property that secures the reverse mortgage.

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A lender may collect the following charges and fees in connection with the origination of a reverse mortgage:
(1) the actual expenses that the lender incurs in originating and closing the reverse mortgage, including a mortgage broker's fee if the mortgage broker and the lender do not share any pecuniary interests; and
(2) the actual amount that the lender paid for:

(2)(a) a recording fee;
(2)(b) a credit report;
(2)(c) a survey, if required by the lender or the borrower;
(2)(d) a title examination;
(2)(e) the lender's title insurance; and
(2)(f) an initial appraisal of the real property that secures the reverse mortgage.