Utah § 61-2d-107 Prohibition on single premium credit life insurance.

Utah Statutes

§ 61-2d-107 — Prohibition on single premium credit life insurance.

Utah § 61-2d-107

Title 61Securities Division - Real Estate Division

Ch. 61-2dUtah High Cost Home Loan Act

This text of Utah § 61-2d-107 (Prohibition on single premium credit life insurance.) 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. § 61-2d-107 (2026).

Text

A borrower credit transaction involving a high-cost mortgage may not include:

(1)the offer or sale of any insurance policy, on a single premium or single fee basis, that insures, guarantees, or indemnifies the repayment of the outstanding balance of the loan against:

(1)(a) death;

(1)(b) illness;

(1)(c) accident;

(1)(d) disability; or

(1)(e) unemployment of the borrower; or

(2)debt cancellation or a debt suspension agreement.

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A borrower credit transaction involving a high-cost mortgage may not include:
(1) the offer or sale of any insurance policy, on a single premium or single fee basis, that insures, guarantees, or indemnifies the repayment of the outstanding balance of the loan against:

(1)(a) death;
(1)(b) illness;
(1)(c) accident;
(1)(d) disability; or
(1)(e) unemployment of the borrower; or
(2) debt cancellation or a debt suspension agreement.