Utah § 70D-2-103 Exemptions.

Utah Statutes

§ 70D-2-103 — Exemptions.

Utah § 70D-2-103

Title 70DFinancial Institution Mortgage Financing Regulation Act

Ch. 70D-2Mortgage Lending and Servicing Act

Part 70D-2-1General Provisions

This text of Utah § 70D-2-103 (Exemptions.) 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. § 70D-2-103 (2026).

Text

This chapter does not apply to:

(1)a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers;

(2)an agency of the following that grants a first mortgage loan under a specific federal or state law:

(2)(a) the federal government;

(2)(b) a state, county, or municipal government; or

(2)(c) a quasi-governmental agency;

(3)a casual lender that makes less than five mortgage loans a year; or

(4)a mortgage loan of two years or less.

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This chapter does not apply to:
(1) a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers;
(2) an agency of the following that grants a first mortgage loan under a specific federal or state law:

(2)(a) the federal government;
(2)(b) a state, county, or municipal government; or
(2)(c) a quasi-governmental agency;
(3) a casual lender that makes less than five mortgage loans a year; or
(4) a mortgage loan of two years or less.