Utah Statutes
§ 57-28-305 — Lender default.
Utah § 57-28-305
JurisdictionUtah
Title 57Real Estate
Ch. 57-28Utah Reverse Mortgage Act
Part 57-28-3Reverse Mortgage Proceeds, Priority, Foreclosure, and Lender Default
This text of Utah § 57-28-305 (Lender default.) 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. § 57-28-305 (2026).
Text
(1)A lender who fails to make a loan advance on a non-federally insured reverse mortgage in accordance with the reverse mortgage agreement shall forfeit any right to repayment of the outstanding loan balance.
(2)After a lender forfeits the lender's right to repayment under Subsection (1), the reverse mortgage loan agreement is void.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Enacted by Chapter 290, 2015 General Session
Nearby Sections
15
§ 57-1-1
Definitions.§ 57-1-10
After-acquired title passes.§ 57-1-12
Form of warranty deed -- Effect.§ 57-1-12.5
Form of special warranty deed -- Effect.§ 57-1-13
Form of quitclaim deed.§ 57-1-14
Form of mortgage -- Effect.§ 57-1-19
Trust deeds -- Definitions of terms.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 57-28-305, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/57-28-305.