Utah Statutes
§ 70D-2-103 — Exemptions.
Utah·Title 70D Financial Institution Mortgage Financing Regulation Act·Ch. 70D-2 Mortgage Lending and Servicing Act·Part 70D-2-1 General Provisions
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 70D-2-103 (Exemptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 72, 2009 General Session
Nearby Sections
15
§ 70D-1-101
Title.§ 70D-1-102
Definitions.§ 70D-2-101
Short title.§ 70D-2-102
Definitions.§ 70D-2-103
Exemptions.§ 70D-2-201
Registration -- Exemptions.§ 70D-2-203
Fees -- Examination.§ 70D-2-301
Record retention.§ 70D-2-302
Notice required with loan application.§ 70D-2-304
Statement to be provided.§ 70D-2-305
Fee restrictions.