Utah Statutes

§ 7-17-5 — Statements.

Utah·Title 7 Financial Institutions Act·Ch. 7-17 Interest on Mortgage Loan Reserve Accounts

Every lender shall furnish to the borrower, or the borrower's successors or assigns, without charge, within 60 days after the end of each calendar year, an itemized statement showing money:

(1)received for interest and principal repayment; and (2) received and held in or disbursed from a reserve account, if any.

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Legislative History

Amended by Chapter 302, 2025 General Session

Nearby Sections

15
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